1137 ET - Lululemon's first-quarter trends in the U.S. will likely be lackluster despite the innovation improvements put in place in product, UBS analysts say in a research note. The yoga pants maker is expected to guide for FY25 earnings per share of $15.20 to $15.40, bracketing the Street's $15.38 estimate. Overall, sentiment around Lululemon is mixed, with its stock down around 19% year to date and underperforming the S&P 500 by 1,500 basis points. Some investors agree 1Q U.S. trends look weak and lack conviction in Lululemon's ability to return to mid single digit growth in its Americas business, while others see a good chance to buy a strong brand on a pullback, the analysts add. Shares rise 3.4% to $321.67. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
March 17, 2025 11:37 ET (15:37 GMT)
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