Lululemon Athletica Inc. (LULU) has reported an increase in its third-quarter earnings compared to the previous year, although these earnings fell short of analysts' expectations.
The company's earnings for the quarter amounted to $351.87 million, translating to $2.87 per share. This marks an improvement from the $248.71 million, or $1.96 per share, recorded in the third quarter of the previous year.
When excluding specific items, Lululemon reported adjusted earnings of $320.84 million, or $2.53 per share, for this period.
Analysts, on average, anticipated earnings of $2.72 per share, according to data gathered by Thomson Reuters. These predictions typically exclude special items.
Revenue for the quarter experienced an 8.7% increase, reaching $2.396 billion, up from $2.204 billion in the same period last year.
A summary of Lululemon Athletica Inc.'s earnings according to generally accepted accounting principles (GAAP) includes:
- Earnings for Q3: $351.87 million compared to $248.71 million the previous year.
- Earnings Per Share (EPS) for Q3: $2.87, up from $1.96 last year.
- Revenue for Q3: $2.396 billion, compared to $2.204 billion a year earlier.
**Guidance:**
- Next quarter EPS is projected to be between $5.56 and $5.64.
- Next quarter revenue is forecasted to range from $3.475 billion to $3.510 billion.
- Full-year EPS guidance is set between $14.08 and $14.16.
- Full-year revenue guidance projects a range from $10.452 billion to $10.487 billion.
