Here's Why Lululemon Blew Away Expectations Last Quarter
Lululemon Athletica's (NASDAQ: LULU) fiscal second-quarter results confirm that the brand picking up where it left off before the pandemic. Revenue grew 61% year over year to $1.45 billion, which was well ahead of the consensus analyst estimate that called for $1.33 billion. Taking a look from a higher angle, Lululemon's revenue advanced 64% over the same quarter in 2019.
Even management's forward guidance for fiscal Q3 is significantly ahead of expectations, with next quarter's forecast calling for revenue to come in between $1.4 billion to $1.43 billion, which is higher than the consensus estimate of $1.32 billion. The stock price is up 11.7% at the time of this writing, the day after the earnings release.
Lululemon seeks to hold its leadership in yoga with the new Instill Tight. Image source: Lululemon Athletica.
Source Fool.com
