Lululemon (LULU) experiences Q1 2021 earnings

Pedestrians carrying protecting masks stroll previous a Lululemon retailer in San Francisco, California, on Monday, March 29, 2021. David Paul Morris | Bloomberg | Getty Photographs Lululemon on Thursday reported fiscal first-quarter income that soared 88%, topping analysts’ estimates, as shopper visitors steadily rebounded to its shops. The leggings maker additionally issued robust steering for


Pedestrians carrying protecting masks stroll previous a Lululemon retailer in San Francisco, California, on Monday, March 29, 2021.

David Paul Morris | Bloomberg | Getty Photographs

Lululemon on Thursday reported fiscal first-quarter income that soared 88%, topping analysts’ estimates, as shopper visitors steadily rebounded to its shops.

The leggings maker additionally issued robust steering for its fiscal second quarter and for the total yr, saying momentum for its model is rising throughout all geographies.

Here is how Lululemon did for the interval ended Could 2, in contrast with what analysts have been anticipating, based mostly on a Refinitiv survey:

  • Earnings per share: $1.16 adjusted vs. 91 cents anticipated
  • Income: $1.23 billion vs. $1.13 billion anticipated

Web earnings grew to $145 million, or $1.11 per share, from $28.6 million, or 22 cents per share, a yr earlier. Excluding one-time costs, Lululemon earned $1.16 a share, higher than the 91 cents per shares that analysts estimated.

Income rose to $1.23 billion from $652 million a yr earlier. That got here in forward of expectations for $1.13 billion.

Discover the total earnings press launch from Lululemon right here.

This story is creating. Please test again for updates.



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