Investing in Lululemon Poised for Double-Digit Growth
Lululemon Athletica inc. soared after a solid third-quarter report that saw comps up 8 percent. The company reported third-quarter adjusted EPS of 56 cents, topping estimates by 4 cents. Sales came in nearly $10 million higher than estimates at $619 million.
Lululemon management also issued strong guidance, expecting fourth-quarter earnings of $1.19-$1.22 against a $1.17 estimate, and FY17 earnings and sales guidance ahead of consensus.
Lululemon management responded with a remarkable double-digit growth quarter to SeekingAlpha whose forecast pointed to a crash down to $30 naming Lululemon the next Foot Locker. Fortunately, everyone knows that Americans are native scammers downgrading stocks at the very bottom.
SeekingAlpha SCAM Warning: Lululemon is the Next Foot Locker Earnings Crash SeekingAlpha SCAM
Lululemon CEO commented on the quarter
“Our teams powerfully delivered robust results across both store and digital channels this quarter, driving a further acceleration in our business. The strength of our Q3 earnings supports our unique position as the global brand defining an active, mindful lifestyle,” Lululemon CEO Laurent Potdevin said following the release. “As we start the holiday season, I’m energized by our momentum and we are increasing guidance to reflect this performance. I’m grateful for the enthusiasm I see every day across our collective as we remain on our path to deliver $4 billion in revenue in 2020.”
Subscribe to Vieira’s service was the best decision in my life. In the past couple of weeks, my account soared $143,800. Thank you for the opportunity to invest with the best in the world. His coaching is amazing!