Lululemon Q1 Earnings Report: What to Expect?

In-Depth Analysis

Lululemon's upcoming earnings report is crucial for assessing the company's performance in a dynamic market. In the last quarter, Lululemon surpassed revenue expectations by 0.8%, reporting $3.61 billion, a 12.7% year-on-year increase. However, EPS guidance for the next quarter missed analyst expectations, creating a mixed picture.

Analysts covering Lululemon have largely maintained their estimates in the past month, suggesting a consensus view heading into the earnings release. In comparison, Urban Outfitters reported a 10.7% year-on-year revenue increase, beating expectations by 2.5%, while Gap's revenue was up 2.2%, exceeding estimates by 1.3%. These results indicate positive sentiment in the apparel retail segment.

Investor sentiment has been generally positive, with apparel retailer share prices rising 13.9% on average in the last month. Lululemon's shares have increased by 24.1% during the same period. The average analyst price target is $334.95, close to the current share price of $335.95.

Several analysts have recently revised their price targets for Lululemon. Evercore ISI Group maintained an Outperform rating and raised the price target to $400. Citigroup maintained a Neutral rating but increased the price target to $325. Conversely, Barclays lowered the price target to $276, and Goldman Sachs cut the target to $302.

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FAQ

What revenue is expected for Lululemon in the coming report?

Analysts expect Lululemon’s revenue to grow 7.2% year on year to $2.37 billion.

What was Lululemon's revenue in the previous quarter?

In the last quarter, Lululemon surpassed revenue expectations by 0.8%, reporting $3.61 billion, a 12.7% year-on-year increase.

Have analysts been changing their ratings for Lululemon?

Yes, recent analyst ratings show mixed sentiment, with some raising price targets while others lowered them.

Takeaways

Watch for Lululemon's revenue growth and earnings per share to meet analyst expectations.
Be aware of the mixed sentiment among analysts, as reflected in their revised price targets.
Consider the broader context of the apparel retail segment, where some companies have shown strong performance.

Discussion

What are your expectations for Lululemon's Q1 earnings report? Share your thoughts in the comments below!

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Sources

Lululemon (LULU) Q1 Earnings Report Preview: What To Look For Dear Lululemon Stock Fans, Mark Your Calendars For June 5 Lululemon Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

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