Where Will Lululemon Athletica Stock Be in 5 Years?
Lululemon Athletica's (NASDAQ: LULU) stock tumbled 13% on Dec. 9 after the yoga and athletic apparel maker posted its latest earnings report.
For the third quarter, which ended on Oct. 30, its revenue rose 28% year over year to $1.86 billion, beating analysts' estimates by $50 million. Comparable store sales rose 22% (25% in constant currency terms). And net income increased 36% to $255 million, or $2 per share, which also cleared the consensus forecast by $0.02.
Lululemon expects its revenue to rise 24%-26% year over year in the fourth quarter, and to increase 26%-27% for the full year. It expects its EPS to increase 25%-28% year over year in the fourth quarter, and for adjusted full-year EPS (which excludes the gain from a real estate sale) to climb 27%-28%.
Source Fool.com
