earnings
confidence high
sentiment positive
materiality 0.80
Lululemon raises Q4 revenue guidance to $3.56-3.58B; EPS to $5.81-5.85
lululemon athletica inc.
- Revenue guidance raised to $3.560B-$3.580B from $3.475B-$3.510B, 11-12% YoY growth.
- Diluted EPS guidance raised to $5.81-$5.85 from $5.56-$5.64.
- Gross margin now expected to increase ~30 bps YoY vs prior guidance of a 20-30 bps decrease.
- SG&A deleverage improved to 80-90 bps from prior 90-100 bps.
- CFO cited strong holiday guest response as driver for upward revision.