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Lululemon Athletica Inc. (LULU), headquartered in Vancouver, Canada, is a renowned retailer specializing in athletic apparel and accessories. With a market cap of $32.38 billion, Lululemon is dedicated to providing high-quality, performance-driven products that cater to its customers' active lifestyles. The company's diverse product range includes yoga pants, running gear, and other athletic wear designed to optimize comfort and performance. The company is set to announce its fiscal Q2 earnings results on Thursday, Aug. 29.
Ahead of the event, analysts expect LULU to report a profit of $2.94 per share, up 9.7% from $2.68 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports.
Lululemon's adjusted earnings of $2.54 per share for the last quarter surpassed the consensus estimate by 6.7%. Strong international sales and innovative product offerings primarily drove the company's Q1 performance.
Analysts expect LULU to report EPS of $14.29 in fiscal 2025, up 11.9% from $12.77 in fiscal 2024.
LULU’s stock has declined 49.3% on a YTD basis, underperforming the broader S&P 500 Index's ($SPX) 14.5% gains and the Consumer Discretionary Select Sector SPDR ETF’s (XLY) 3.8% returns over the same time frame.
LULU shares closed up more than 4% on Jun. 6 after the company’ reported Q1 results. The company expects full-year revenue between $10.7 billion and $10.8 billion and net revenue for the current quarter between $2.40 billion and $2.42 billion.
The consensus opinion on LULU stock is optimistic, with an overall “Moderate Buy” rating. Out of the 27 analysts covering the stock, 15 advise a “Strong Buy” rating, three recommend a “Moderate Buy,” seven suggest a “Hold,” one advises a “Moderate Sell,” and one recommends a “Strong Sell.”
This configuration is less bullish than three months ago when the stock had 16 “Strong Buy” ratings. LULU’s average analyst price target is $402.30, indicating a potential upside of 55.3% from the current levels.
On the date of publication, Rashmi Kumari did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
