Lululemon's Mixed Earnings: Strong Now, Cautious Future

Lululemons Q3 earnings beat expectations with a 7.1% year-over-year revenue increase to $2.57 billion, and a 17.1% higher GAAP profit of $2.59 per share. However, the companys revenue guidance for the next quarter fell short of analysts estimates by 0.7%, indicating a potential sales growth slowdown. Lululemon also announced CEO Calvin McDonalds departure, following a year of underwhelming performance. Despite this, the companys shares traded up after the announcement. Same-store sales grew by 1% year over year, a noticeable slowdown from its historical growth rates.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.