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Lululemon Upgrades Sales and Earnings Outlook as Q1 Results Beat Guidance


Lululemon Athletic Inc. raised its earnings and sales expectations for the year after reporting Q1 results that beat its estimates.

Source: Lululemon

LULU up +0.48%, UAA up +0.63%, Pre-market trading

The company’s sales increased by 32% in the first quarter with the same-store sales rising by 24%.

Calvin McDonald, Chief Executive Officer of Lululemon stated that the continued momentum in Q1 helped to achieve a solid start to the year.

Lululemon’s sales of $1.6B surpassed guidance projecting for sales to be in the range of $1.525B to $1.550B. Earnings per share of $1.48 topped the company estimates in the range of $1.38 to $1.43 for the quarter.

For Q2, the company projects net revenue to be in the range of $1.750B to $1.775B. For the full year, the company anticipates net revenue to be in the range of $7.610B to $7.710B.


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