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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Lululemon Athletica inc.    LULU

LULULEMON ATHLETICA INC.

(LULU)
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Lululemon Athletica : raises full-year forecast, beats quarterly estimates

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06/12/2019 | 06:37pm EDT
A woman passes by a Lululemon Athletica real store in New York

(Reuters) - Canadian athletic apparel maker Lululemon Athletica Inc raised its full-year forecasts and reported strong quarterly results on Wednesday, benefiting from its efforts to boost online presence in a highly competitive retail industry.

The company's shares, which have surged nearly 40% this year, were up 4% in extended trading.

The company, which has plans to more than double its digital revenues by 2023, said its online net revenue increased 33% in the first quarter.

"The company continues to post among the strongest results within retail," Instinet Equity Research analyst Simeon Siegel said.

"Given where the stock is trading, the reality is that investors are expecting and demanding those standout performance."

Lululemon, whose rivals include traditional sportswear makers Nike and UnderArmour, as well as companies like Target and Gap, said it now expects revenue of $3.73 billion to $3.77 billion in 2019. The company had previously forecast revenue of $3.70 billion to $3.74 billion.

Lululemon, which turned women's yoga wear into mainstream fashion, forecast full-year earnings per share of between $4.51 and $4.58, higher than its previous estimate of $4.48 to $4.55.

However, the midpoint of Lululemon's current-quarter revenue and profit range came in below estimates, as it expects impact from potential new tariffs on Chinese imports by Washington.

Lululemon's total comparable sales, a key indicator for the company's business, rose 14% in the first quarter, while analysts on average had expected a rise of 11.6%, according to IBES data from Refinitiv.

The company's revenue jumped 20% to $782.3 million in the quarter ended May 5, beating analysts' estimates of $755.3 million.

Net income rose 28.5% $96.6 million, or 74 cents per share, above estimates of 70 cents per share.

(Reporting by Shradha Singh in Bengaluru; Editing by Maju Samuel)

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Financials (USD)
Sales 2020 3 802 M
EBIT 2020 832 M
Net income 2020 606 M
Finance 2020 833 M
Yield 2020 -
P/E ratio 2020 40,9x
P/E ratio 2021 34,6x
EV / Sales2020 6,26x
EV / Sales2021 5,39x
Capitalization 24 644 M
Chart LULULEMON ATHLETICA INC.
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Technical analysis trends LULULEMON ATHLETICA INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 34
Average target price 191,77  $
Last Close Price 189,17  $
Spread / Highest target 25,8%
Spread / Average Target 1,37%
Spread / Lowest Target -30,8%
EPS Revisions
Managers
NameTitle
Calvin McDonald Chief Executive Officer
Glenn K. Murphy Executive Chairman
Stuart C. Haselden Chief Operating Officer
Patrick Guido Chief Financial Officer
Julie Averill Chief Technology Officer & Executive VP
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