1017 ET - Lululemon's latest sales expectation upgrade is welcome, and it also comes with better profits. In a Raymond James report, analyst Sharon Zackfia says the increased range of 11% to 12% from 8% to 10% previously, is in-line with her raised expectations and ahead of consensus, "likely implying an improvement to flattish comps in the Americas." A bump in EPS guidance is also positive which implies that "the quality of sales was good, with gross margin now expected to rise 30 basis points, versus guidance for a decline of 20 to 30 basis points." Shares slip 0.5% to $393.51. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
January 13, 2025 10:17 ET (15:17 GMT)
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