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Lululemon (LULU) studies Q1 2021 earnings 

Pedestrians carrying protecting masks stroll previous a Lululemon retailer in San Francisco, California, on Monday, March 29, 2021.

David Paul Morris | Bloomberg | Getty Photos

Lululemon Athletica mentioned Thursday fiscal first-quarter income soared 88%, topping analysts’ estimates, as shopper visitors steadily rebounded to its shops.

The athletic attire maker additionally issued a robust forecast for its fiscal second quarter and raised full yr estimates, saying momentum for its model is rising throughout all geographies.

Its inventory rose 1% on the information in prolonged buying and selling.

This is how Lululemon did for the interval ended Could 2, in contrast with what analysts have been anticipating, based mostly on a Refinitiv survey:

  • Earnings per share: $1.16 adjusted vs. 91 cents anticipated
  • Income: $1.23 billion vs. $1.13 billion anticipated

Internet revenue grew to $145 million, or $1.11 per share, from $28.6 million, or 22 cents per share, a yr earlier. Excluding one-time expenses, Lululemon earned $1.16 a share, higher than the 91 cents per shares that analysts estimated.

Income rose to $1.23 billion from $652 million a yr earlier. That got here in forward of expectations for $1.13 billion.

For its fiscal second quarter, Lululemon expects adjusted earnings per share to be in a variety of $1.10 to $1.15, on gross sales of $1.3 billion to $1.33 billion. Analysts had been on the lookout for earnings of $1.01 per share on income of $1.20 billion, in line with a Refinitiv survey.

For the yr, it is calling for adjusted earnings of $6.73 to $6.86 per share, on gross sales of $5.83 billion to $5.91 billion. Analysts anticipated it to earn $6.48 per share on gross sales of $5.68 billion.

Discover the total earnings press launch from Lululemon right here.

This story is creating. Please test again for updates.

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