Lululemon Athletica Earnings Miss, Revenue Beats In Q1
2022.06.02 23:32
Lululemon Athletica Earnings Miss, Revenue Beats In Q1
Investing.com – Lululemon Athletica (NASDAQ:LULU) reported on Thursday first quarter earnings that missed analysts’ forecasts and revenue that topped expectations.
Lululemon Athletica announced earnings per share of $1.16 on revenue of $1.61B. Analysts polled by Investing.com anticipated EPS of $1.43 on revenue of $1.55B.
Lululemon Athletica shares are down 22.7% from the beginning of the year, still down 37.72% from its 52 week high of $485.83 set on November 16, 2021. They are under-performing the Nasdaq which is down 21.27% from the start of the year.
Lululemon Athletica shares gained 0.88% in after-hours trade following the report.
Lululemon Athletica follows other major Consumer Discretionary sector earnings this month
Lululemon Athletica’s report follows an earnings beat by Home Depot on May 17, who reported EPS of $4.09 on revenue of $38.91B, compared to forecasts EPS of $3.69 on revenue of $36.71B.
Alibaba ADR had beat expectations on May 26 with fourth quarter EPS of $7.95 on revenue of $204.05B, compared to forecast for EPS of $7.1 on revenue of $199.47B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
