Lululemon’s profits and sales top Wall Street’s expectations — again (LULU)
|06/12/2019||Posted by BusinessMediaguide.Com under General World News||
- Lululemon shares jumped late Wednesday after the retailer reported better-than-expected first-quarter results.
- Profits and revenue topped analysts’ expectations, though guidance came in lower than expected.
- Shares have risen 40% this year, handily outperforming the broader market.
- Watch Lululemon trade live.
Lululemon reported a second-straight quarter that impressed investors, sending shares higher by 3% late Wednesday.
The athleisure retailer’s first-quarter profits and sales topped analysts’ expectations, while its full-year earnings-per-share guidance came in lighter than was forecast. The strong headline numbers followed last quarter’s blowout results that sent the stock soaring back in March.
“Lululemon continues to see strong momentum across the read more >>>