Lululemon Stretched by Tariffs, Macro
Here's our initial take on Lululemon Athletica's (NASDAQ: LULU) financial report.
Athletic apparel specialist Lululemon beat Wall Street top- and bottom-line expectations for the quarter, delivering 7.3% revenue growth and a slight uptick in earnings per share. But CEO Calvin McDonald warned of a "dynamic macroenvironment" that the company expects to weigh on results in the quarters to come.
First, the good news. Revenue growth came in toward the top of Lululemon's guidance, fueled by strong 6% international comparable sales. Overall international net revenue increased by 19%, or 20% when adjusted for currency fluctuations. But Americas comp sales were down 2% and overall revenue was up by just 3%, pressured by an uncertain American consumer.
Source Fool.com
Lululemon Athletica Inc. Stock
Currently there is a rather positive sentiment for Lululemon Athletica Inc. with 51 Buy predictions and 6 Sell predictions.
With a target price of 315 € there is a hugely positive potential of 79.16% for Lululemon Athletica Inc. compared to the current price of 175.82 €.
