Lululemon Sees Higher, Better Quality Sales Over Holidays -- Market Talk
Dow Jones
Jan 13, 2025
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)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.