Lululemon's Earnings Call: 2 Don't-Miss Management Quotes About the Supply Chain
On Tuesday, Lululemon Athletica (NASDAQ: LULU) stock gained 4.3% on a day when the market was down, continuing its post-earnings-release run. On Friday, shares of the athletic-wear retailer jumped 6.7%, following the company's release of a fiscal second-quarter report that delighted investors. (The U.S. stock market was closed on Monday for the Labor Day holiday.)
Lululemon's quarterly revenue and adjusted earnings per share (EPS) surged 29% and 33%, respectively, year over year. Both results sped by Wall Street's consensus estimates. Moreover, management raised its full-year guidance for the top and bottom lines. It now expects annual revenue growth of 26% to 27% and annual adjusted EPS growth of about 26%.
This type of growth for a retailer would be robust in any macroeconomic environment. But it's particularly a standout for a discretionary-products retailer in the current environment, which includes high inflation and continued global supply chain problems stemming from the pandemic.
Source Fool.com
