After hours surged over 9%! Lululemon's Q3 performance exceeded expectations, raised earnings guidance, and announced an increase of the $1 billion buyback plan.
The results showed that Q3 revenue grew 9% to $2.4 billion, exceeding analyst expectations of $2.36 billion. However, the americas region remained weak, with revenue only growing by 2%, while international sales increased by 33%. Net income was $0.35 billion, a year-on-year increase of 41%.
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Lululemon's net income in the third quarter increased by 41% year-on-year, and annual performance guidance has been raised.
Guang Lian Hui December 6th | Canadian yoga apparel manufacturer Lululemon announced its performance for the three months ending on October 27, with revenue growing by 8.7% year-on-year to $2.4 billion, surpassing analysts' expectations of $2.36 billion; net income increased by 41% year-on-year to $0.35 billion, resulting in earnings per share of $2.87. Adjusted comparable sales increased by 4%. Lululemon ended the quarter with 749 stores, adding 28 new operating points in the past quarter, half of which came from the acquisition of the Mexican business. The holiday season started strong, prompting Lululemon to raise its full-year performance guidance.
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Overseas sales alleviate the weakness in the usa market. Lululemon (LULU.US) raises its full-year performance forecast.
Driven by strong overseas sales performance, Lululemon (LULU.US) has raised its full-year performance expectations.
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After hours, it surged over 8%! Lululemon's Q3 performance exceeded expectations; after accurately predicting that bitcoin would reach $100,000 this year, Standard Chartered's analyst is bullish again: predicting it will reach the significant milestone of $200,000 by the end of next year; OPEC+ has continued its three sets of production cut measures, extending the additional voluntary reduction of 2.2 million barrels per day for three months.
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After hours rise more than 9%! Lululemon's performance is impressive, raising full-year expectations, intensifying buybacks indicating the return of the king?
On Thursday (December 5), after the market closed, Lululemon (LULU) announced third-quarter results that exceeded market expectations, driven by strong sales in international markets, with both revenue and profit showing impressive performance, and the stock price rose over 9% in after-hours trading.
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Lululemon's third-quarter EPS is $2.87, exceeding analysts' expectations.
Grace Tune December 6 | Lulu Lemon's third quarter EPS was $2.87, Analyst expected $2.75. Third-quarter net revenue was $2.4 billion, Analyst expected $2.36 billion. Expected full-year net revenue of $10.45 billion to $-10.49 billion, Analyst expected $10.42 billion.
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