earnings
confidence high
sentiment neutral
materiality 0.65
Lululemon raises Q4 revenue guidance to $2.66-2.70B; gross margin now expected to decline 90-110 bps
lululemon athletica inc.
- Net revenue now expected $2.660-2.700B vs prior $2.605-2.655B, up 25-27% YoY.
- Diluted EPS guidance narrowed to $4.22-4.27 from $4.20-4.30.
- Gross margin expected to decline 90-110 bps (prior expectation +10-20 bps); SG&A leverage improved to 100-120 bps.
- CEO cites strong traffic across both physical and digital channels despite macro headwinds.
- Management presenting at ICR Conference Jan 9-11.