Latest News

Lululemon raises guidance as customers keep spending despite higher prices

0

In this article

LULU

Pedestrians seen walking past Canadian athletic apparel retailer Lululemon in Shanghai.
Alex Tai | SOPA Images | LightRocket | Getty Images

Lululemon on Thursday reported fiscal-first quarter profit and revenue outpacing Wall Street’s expectations, boosted by growth online and in the retailer’s men’s division.

The athletic apparel retailer also raised its outlook for fiscal 2022, expecting the momentum in its business to continue in spite of broader economic headwinds.

Here’s how Lululemon did in its fiscal first quarter compared with what Wall Street was expecting, based on Refinitiv data:

Earnings per share: $1.48 vs. $1.43 expected Revenue: $1.61 billion vs. $1.53 billion

Lululemon shares are down about 23% year to date.

This story is developing. Please check back for updates.

Social Security fund will be able to pay benefits one year longer than expected, Treasury says

Previous article

Cloud stocks mount big rally led by UiPath, as investors bet tech valuations have bottomed

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News