ADVERTISEMENT
ADVERTISEMENT

Lululemon beats on earnings and raises its guidance (LULU)

Shares climbed more than 7% after the results crossed.

  • Lululemon beat on both the top and bottom lines.
  • The company raised its full-year 2017 adjusted earnings per share guidance.
  • Shares climbed more than 7% on the results.

Lululemonshares climbed more than 7% in after-hours trading on Wednesday after the company reported better than expected top and bottom line results and raised its guidance.

The athletic-apparel retailer earned an adjusted $0.56 a share, handily beating the $0.52 that Wall Street analysts surveyed by Bloomberg were anticipating.

Revenue rose 14% versus a year ago to $619 million while total comparable sales, including direct to consumer and in-store sales, jumped 8% year-over-year.

ADVERTISEMENT

Lululemon raised its full-year 2017 adjusted earnings per share guidance to a range between $2.45 and $2.48, up from its previous guess of $2.35 to $2.42.

$4 billion

Additionally, Lululemon's board of directors authorized a $200 million share buyback program.

Shares of the company are up 7.33% this year.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Here's everything to know about being a virgin on your wedding night

Here's everything to know about being a virgin on your wedding night

7 do's and don’ts of the Holy month of Ramadan

7 do's and don’ts of the Holy month of Ramadan

Top 5 sweetest celebrity mother-child relationships that stand out for us

Top 5 sweetest celebrity mother-child relationships that stand out for us

International Women's Day: 5 Nigerian female celebrities championing women’s rights

International Women's Day: 5 Nigerian female celebrities championing women’s rights

Top 5 female directors in Nollywood

Top 5 female directors in Nollywood

6 things that will break a Muslim's fast during Ramadan

6 things that will break a Muslim's fast during Ramadan

5 benefits of fasting during Ramadan

5 benefits of fasting during Ramadan

5 reasons Easter was more fun when we were children

5 reasons Easter was more fun when we were children

Dos and don’ts of supporting Muslims during Ramadan

Dos and don’ts of supporting Muslims during Ramadan

ADVERTISEMENT
ADVERTISEMENT