What are analysts expecting for Lululemon's revenue growth?
Analysts are expecting Lululemon's revenue to grow by 7.1% year-on-year to $2.54 billion.
Finance / Retail
Lululemon (NASDAQ:LULU) is set to release its earnings report this Thursday, and analysts are optimistic about the company's continued growth. Here's a preview of what to expect, based on recent analyst estimates and sector trends.
Lululemon's upcoming earnings report is highly anticipated, with analysts closely monitoring revenue and earnings growth. The company's previous quarter saw a 7.3% year-over-year revenue increase, totaling $2.37 billion. However, EPS guidance for the next quarter fell short of expectations.
Looking at Lululemon's competitors, Victoria's Secret recently reported a 3% year-on-year revenue growth, exceeding estimates by 4%, while Urban Outfitters saw an 11.3% revenue increase, beating estimates by 1.9%. These results offer insights into the broader apparel retail landscape.
Lululemon's stock is currently trading at $200.88, with an average analyst price target of $270.82. This suggests potential upside if the company meets or exceeds expectations. Investors are also keeping an eye on Lululemon's expansion in China and growth in the men's segment, as highlighted by Seeking Alpha, noting strong profitability and a solid balance sheet as key strengths.
Analysts are expecting Lululemon's revenue to grow by 7.1% year-on-year to $2.54 billion.
Lululemon has exceeded top-line expectations by 0.5% on average over the last two years, missing estimates only once.
Do you think Lululemon will meet analyst expectations? Let us know in the comments below!
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