Lululemon Athletica Inc reports results for the quarter ended April 30 - Earnings Summary

• Lululemon Athletica Inc LULU reported quarterly adjusted earnings of $2.60​​ per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of $2.54. The mean expectation of twenty seven analysts for the quarter was for earnings of $2.58 per share. Wall Street expected results to range from $2.23 to $2.71 per share.

• Revenue rose 7.3% to $2.37 billion from a year ago; analysts expected $2.36 billion.

• Lululemon Athletica Inc's reported EPS for the quarter was $2.60​.

• The company reported quarterly net income of $314.57 million.

• Lululemon Athletica Inc shares had risen by 18.4% this quarter and lost 12.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5.3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy," 13 "hold" and 3 "sell" or "strong sell." The average consensus recommendation for the apparel & accessories peer group is also "buy"

• Wall Street's median 12-month price target for Lululemon Athletica Inc is $327.50

This summary was machine generated from LSEG data June 5 at 09:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)