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lululemon athletica Shares Surge 6 percent on Q2 Beat & Strong Guidance


lululemon athletica (NASDAQ:LULU) shares closed more than 6% higher on Friday following the company’s Q2 results, with EPS of $2.20 coming in better than the Street estimate of $1.86. Revenue was $1.9 billion, beating the Street estimate of $1.77 billion.
Importantly, in-store traffic was up over 30% year-over-year, while e-commerce traffic was up over 40%. Notably, transactions by first-time guests increased by over 20% with transactions by existing guests increasing in the high teens, which showcases ongoing market share gains.
The company expects Q3 EPS to be in the range of $1.90-$1.95, compared to the Street estimate of $1.78, and revenue in the range of $1.78-1.805 billion, compared to the Street estimate of $1.73 billion.
For the full-year, the company expects EPS to be in the range of $9.75-$9.90, compared to the Street estimate of $9.44, and revenue in the range of $7.865-7.94 billion, compared to the Street estimate of $7.69 billion.










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