KhanhC.Hoang

Despite the tepid growth, $LULU surged 10% in extended hours

BATS:LULU   lululemon athletica


- **Earnings per share (EPS)**: Lululemon reported EPS of $2.54, beating Wall Street's estimate of $2.38.
- **Revenue**: The company's revenue reached $2.21 billion, slightly exceeding the expected $2.19 billion.
- **Americas Market**: Lululemon faced challenges in its largest market (the Americas), with flat comparable sales. Last quarter, they struggled due to inventory issues in U.S. stores.

- **Guidance**: Lululemon issued weak second-quarter guidance, but its full fiscal year outlook suggests optimism for improvement in the latter half of the year.

Overall, Lululemon is navigating growth opportunities internationally while addressing challenges in the Americas market. CEO Calvin McDonald emphasized the company's potential for further growth and optimization

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