Lululemon reports weaker guidance for current quarter; shares slump

Investing.com - Lululemon Athletica reported Thursday weaker current-quarter guidance Thursday that offset fourth-quarter results on both the top and bottom lines.

Lululemon Athletica Inc (NASDAQ: LULU) shares lost 7% in after-hours trade following the report.

Lululemon Athletica reported earnings of $5.29 per share on revenue of $3.21 million. Analysts polled by Investing.com anticipated EPS of $5.00 on revenue of $3.20 million.

The beat was driven by improved margins amid lower freight costs.

Comparable sales increased 12%, with Americas sales up 7% and international up 43%.

For Q1, the company sees EPS in a range of $2.35 to $2.40 on revenue in the range of $2.175B to $2.20B, missing estimates of $2.58 on revenue of $2.28B.

Looking ahead, the company forecast full-year EPS in the range of $14.00 to $14.20 revenue to between $10.70B and $10.80B.

You May Also Be Interested In

• Is the global equity rally broadening? UBS weighs in
• UBS Upgrades Apollo Tyres (APTY:IN) to Buy
• ICICI Securities Resumes Dalmia Bharat Ltd (DALBHARA:IN) at Add (2)