LULU - These Analysts Slash Their Forecasts On Lululemon After Q4 Results | Benzinga
Lululemon Athletica Inc. (NASDAQ: LULU) posted better-than-expected results for its fourth quarter, but issued a weak forecast for the first quarter on Thursday.
Lululemon’s fourth-quarter revenue increased 16% year-over-year to $3.205 billion, which beat the consensus estimate of $3.194 billion, according to Benzinga Pro. The athleisure company reported quarterly earnings of $5.29 per share, which beat analyst estimates of $4.97 per share.
"During the fourth quarter, we saw continued momentum across our channels, geographies, and merchandise categories, driven by our teams around the world,” said Calvin McDonald, CEO of Lululemon. "As we ...