Stretch (LULU Earnings)
lululemon athletica (LULU) is set to report Q4 (Jan) results today after the close with a call to follow at 4:30pm ET.
The current S&P CapitalIQ consensus is for adjusted EPS to grow 27% yr/yr to $3.27 and for revenue to grow 23% yr/yr to $2.13 bln.
LULU issued downside guidance on January 10, saying that it expects EPS at lower end of $3.25-3.32 and revs at lower end of $2.125-2.165 bln. LULU said it started the holiday season in a strong position but Omicron led to capacity constraints, more limited staff availability, and reduced operating hours in certain locations.
LULU reported a good size EPS beat in Q3, although it was smaller than what we saw in Q1 and especially Q2 which was LULU's largest beat in the past five years. A problem area was its recently-acquired at-home fitness MIRROR segment.
TECHS:
RESULTS:
lululemon athletica prelim Q4 $3.37 vs $3.27 S&P Capital IQ Consensus Estimate; revs $2.13 bln vs $2.13 bln S&P Capital IQ Consensus Estimate
lululemon athletica sees Q1 $1.38-1.43 vs $1.28 S&P Capital IQ Consensus Estimate; sees revs $1.525-1.550 bln vs $1.41 bln S&P Capital IQ Consensus Estimate
lululemon athletica sees FY23 $9.15-9.35 vs $9.05 S&P Capital IQ Consensus Estimate; sees revs $7.490-7.615 bln vs $7.24 bln S&P Capital IQ Consensus Estimate
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