LULU - What's Going On With Lululemon Stock After Earnings? | Benzinga
Lululemon Athletica Inc. (NASDAQ:LULU) shares are falling Friday after the company issued weak guidance on lower consumer demand.
The Details:
Lululemon reported its fourth-quarter results after the bell Thursday with quarterly earnings of $5.29 per share, which beat analyst estimates of $4.97 per share. Quarterly sales increased 16% year-over-year to $3.205 billion, beating the consensus estimate of $3.194 billion.
However, the retailer guided first-quarter revenue in the range of $2.175 billion to $2.2 billion, versus estimates of $2.25 billion. The company sees first-quarter earnings of $2.35 to $2.40 per share, versus estimates of $2.55 per share.
On the company's earnings call, Lululemon executives said the guidance was based on a slower start to the year for the U.S. consumer.
Several analysts lowered price targets on the stock following the print:
- Piper ...