Lululemon Athletica Inc. (NASDAQ: LULU) will release its first-quarter earnings for the current fiscal year after the market closes on June 2. Last quarter, the firm exceeded analysts’ expectations by growing by more than 20% year over year. This time, Wall Street is anticipating a repeat performance.
The preceding quarter, like numerous others before it, was marked by difficulty in establishing supply networks. Lululemon Athletica Inc. (LULU) has dealt with similar issues in the past since Wall Street analysts believe this aspect had little impact on the firm in the previous quarter.
Sales are expected to increase by roughly 24%, bringing revenue to $1.53 billion. The adjusted profits per share are predicted to increase to $1.43. However, it’s worth noting that Lululemon Athletica has outperformed Wall Street for four consecutive quarters.
Lululemon Athletica Inc. (LULU) finally entered the athletic footwear industry in the first quarter, with women’s running shoes accessible in key areas such as North America, China, and the United Kingdom by the end of May. During the business’s quarterly report, Wall Street expects the company to declare how successful the new product’s introduction was.
Furthermore, investors are eager to learn more about the home fitness industry. LULU management previously stated that the Mirror will earn more income in 2022 than it did last year.
Lululemon Athletica Inc. (LULU) management anticipates revenues to stay in the double digits in the current fiscal year’s second quarter. Although compared to the meteoric climb in the same quarter last year, the expected growth of 18 percent will represent a deceleration.
LULU stock has traded in a 5-day range of $263.20 to $316.49, resulting in a -10.29% drop in value. Meanwhile, this stock has moved in a range of $263.20 to $371.36 in the last month, resulting in a -24.97% decrease in value. This stock’s price has fluctuated by -7.59 percent during the last three months, ranging from $263.20 to $410.70.