Anna Andreeva from Piper Sandler and Janine Stichter from BTIG discuss Lululemon's earnings. Andreeva maintains a neutral rating due to flat U.S. sales and potential margin erosion from marketing investments.
The athleisure-apparel company's pivot to bright colors seems to be working.
After a year in which its stock took a horrible beating, shares of Lululemon Athletica Inc.
While the overall market continues to hit All-time High almost every other day, Lulu has been battling the skeptics for much of this year. Glancing through the numbers for 3Q'24 may seem eerily similar to 2Q'24, but management's tone was much more upbeat tonight. While every other brand seems to be struggling in China, Lulu seems to be operating on a different gear there.
A bright spot on Lululemon's horizon was its robust growth in international markets. Its international sales increased 33% in Q3 of 2024, compared to 2% in the Americas.
Brian Nagel from Oppenheimer & Co discusses Lululemon's international business and product differentiation strategy, comparing it to its 'mature' market in the United States.
Although the revenue and EPS for Lululemon (LULU) give a sense of how its business performed in the quarter ended October 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Lululemon Athletica Inc. (NASDAQ:LULU ) Q3 2024 Earnings Conference Call December 5, 2024 4:30 PM ET Company Participants Howard Tubin - Vice President, Investor Relations Calvin McDonald - Chief Executive Officer Meghan Frank - Chief Financial Officer Conference Call Participants Alex Straton - Morgan Stanley Lorraine Hutchinson - Bank of America Ike Boruchow - Wells Fargo Janine Stichter - BTIG Michael Binetti - Evercore John Kernan - TD Cowen Matthew Boss - JPMorgan Paul Lejuez - Citi Research Sharon Zackfia - William Blair Brian Nagel - Oppenheimer Brooke Roach - Goldman Sachs Operator Thank you for standing by. This is the conference operator.
Lululemon (LULU) came out with quarterly earnings of $2.87 per share, beating the Zacks Consensus Estimate of $2.69 per share. This compares to earnings of $2.53 per share a year ago.
Lululemon (LULU) topped third-quarter earnings estimates and raised its full-year outlook on Thursday, sending shares sharply higher in extended trading.
Overseas sales jump 33% and boost Lululemon's bottom line.
Lululemon beat Wall Street's expectations on the top and bottom lines. The athletic apparel retailer, best known for its yoga pants and belt bags, offered holiday guidance that was in line with expectations.