Lululemon Athletica drops 3% after failing to raise guidance despite earnings beat
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lululemon athletica inc. Announces Third Quarter Fiscal 2023 Results, Board of Directors Authorizes $1.0 Billion Stock Repurchase Program
December 7, 2023 4:05 PM EST
Revenue increased 19% to $2.2 billion
Comparable sales increased 13%, or increased 14% on a constant dollar basis
GAAP EPS of $1.96, Adjusted EPS of $2.53
VANCOUVER, British Columbia--(BUSINESS WIRE)-- lululemon athletica inc. (NASDAQ: LULU) today announced financial results for the third quarter of fiscal 2023.
Calvin McDonald, Chief Executive Officer, stated: "This was another strong quarter for lululemon as our innovative product offerings and community activations continued to powerfully resonate with our guests globally. As we enter the holiday season, we are pleased with our... More
