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lululemon athletica (LULU - Free Report) reported earnings Wednesday afternoon for its fiscal Q1 of 74 cents per share, 3 cents better than the Zacks consensus. Revenues came in well above estimates: $782 million depicts 20% growth year over year, and is well beyond the $757 million we had expected. Comps in the quarter were up a robust 14%, partially due to 33% growth in direct-to-consumer sales.
Further, gross margins rose 80 basis points year over year to 53.9% in the quarter. This marks the ninth straight earnings report LULU has posted a positive earnings surprise, with the trailing 4-quarter average around +20%.
Guidance was a tad lighter than anticipated, however, considering the big moves above expectations: Full-year earnings of $4.51-4.58 per share is below the Zacks consensus $4.60, while the revenue range of $3.73 billion - $3.77 billion compares with the previous Zacks estimate of $3.76 billion. Shares are up 2.8% in the late session, after initially trading down on the news. For more on LULU's earnings, click here.
Restoration Hardware (RH - Free Report) blew the doors off its Q1 expectations, putting up $1.85 per share on $599 million in sales, compared to Zacks consensus figures of $1.54 per share and $583 million, respectively. The high-end furniture retailer has not missed an earnings estimate in 3 full years.
Full-year guidance was also well beyond what analysts were looking for: for the full year, RH expects earnings of $8.76-9.27 per share -- leaving the Zacks consensus $8.33 in the dust. Revenues are guided to a range of $2.64-2.66 billion, whereas the Zacks consensus estimate had been for $2.61 billion. After-market trading has RH up a whopping 24% at this hour.
CEO Gary Friedman will be leading a conference call for Restoration Hardware at the 5pm PT to let analysts know how he was able to pull off the magic once again. I thought this was supposed to be a weak economy for retail?
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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lululemon, Restoration Hardware Beat Q1 Estimates
lululemon athletica (LULU - Free Report) reported earnings Wednesday afternoon for its fiscal Q1 of 74 cents per share, 3 cents better than the Zacks consensus. Revenues came in well above estimates: $782 million depicts 20% growth year over year, and is well beyond the $757 million we had expected. Comps in the quarter were up a robust 14%, partially due to 33% growth in direct-to-consumer sales.
Further, gross margins rose 80 basis points year over year to 53.9% in the quarter. This marks the ninth straight earnings report LULU has posted a positive earnings surprise, with the trailing 4-quarter average around +20%.
Guidance was a tad lighter than anticipated, however, considering the big moves above expectations: Full-year earnings of $4.51-4.58 per share is below the Zacks consensus $4.60, while the revenue range of $3.73 billion - $3.77 billion compares with the previous Zacks estimate of $3.76 billion. Shares are up 2.8% in the late session, after initially trading down on the news. For more on LULU's earnings, click here.
Restoration Hardware (RH - Free Report) blew the doors off its Q1 expectations, putting up $1.85 per share on $599 million in sales, compared to Zacks consensus figures of $1.54 per share and $583 million, respectively. The high-end furniture retailer has not missed an earnings estimate in 3 full years.
Full-year guidance was also well beyond what analysts were looking for: for the full year, RH expects earnings of $8.76-9.27 per share -- leaving the Zacks consensus $8.33 in the dust. Revenues are guided to a range of $2.64-2.66 billion, whereas the Zacks consensus estimate had been for $2.61 billion. After-market trading has RH up a whopping 24% at this hour.
CEO Gary Friedman will be leading a conference call for Restoration Hardware at the 5pm PT to let analysts know how he was able to pull off the magic once again. I thought this was supposed to be a weak economy for retail?
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>