Lululemon’s Raises Outlook As Q2 Comps Jump 11 Percent
August 31, 2023
Lululemon Athletica, Inc. raised its guidance for the year as second-quarter results exceeded expectations. Earnings rose 21.6 percent on an adjusted basis in the quarter with revenues ahead 18 percent. Comparable sales increased 11 percent or 13 percent on a constant dollar basis.
Sales of $2.2 billion topped guidance in the range of $2.14 billion to $2.17 billion. Adjusted EPS of $2.68 topped guidance in the range of $2.47 to $2.52. SGB