Lululemon Athletica (LULU - Free Report) just released its third quarter fiscal 2017 financial results after the bell, posting diluted earnings of 43 cents per share and revenues of $619 million. LULU is a #3 (Hold) on the Zacks Rank, and is up 5.75% to $71.90 per share in after-hours trading.
Lulu:
Missed earnings estimates. The athleisure giant reported earnings of 43 cents per share, missing the Zacks Consensus Estimate of 52 cents (excluding the impact of the ivivva restructuring, earnings were 56 cents per share).
Beat revenues estimates. The company saw revenues figures of $619 million, surpassing our consensus estimate of $611.47 million and growing 14%.
Total comparable sales surged 8%, while direct-to-consumer net revenue increased 26%.
Gross margin was 52.0%, an increase of 90 basis points compared to the third quarter of fiscal 2016.
For Q4, Lulu expects revenues in the range of $870 million to $885 million, and diluted EPS in the range of $1.18 to $1.21 (excluding the impact of the ivivva, EPS should fall in the range of $1.19 to $1.22).
"As we start the holiday season, I'm energized by our momentum and we are increasing guidance to reflect this performance. I'm grateful for the enthusiasm I see every day across our collective as we remain on our path to delivering $4 billion in revenue in 2020,” said CEO Laurent Potdevin.
Here’s a graph that looks at Lululemon’s price, consensus, and EPS surprise:
Lululemon designs and retails athletic clothing for women, men, and female youth. Its apparel assortment, including items like fitness pants, shorts, tops and jackets, is designed for activities such as yoga, running and general fitness. The Company's fitness-related accessories include an array of items such as bags, socks, underwear, yoga mats, instructional yoga digital versatile discs and water bottles. Lululemon is based in Vancouver, Canada.
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Lululemon Athletica (LULU - Free Report) just released its third quarter fiscal 2017 financial results after the bell, posting diluted earnings of 43 cents per share and revenues of $619 million. LULU is a #3 (Hold) on the Zacks Rank, and is up 5.75% to $71.90 per share in after-hours trading.
Lulu:
Missed earnings estimates. The athleisure giant reported earnings of 43 cents per share, missing the Zacks Consensus Estimate of 52 cents (excluding the impact of the ivivva restructuring, earnings were 56 cents per share).
Beat revenues estimates. The company saw revenues figures of $619 million, surpassing our consensus estimate of $611.47 million and growing 14%.
Total comparable sales surged 8%, while direct-to-consumer net revenue increased 26%.
Gross margin was 52.0%, an increase of 90 basis points compared to the third quarter of fiscal 2016.
For Q4, Lulu expects revenues in the range of $870 million to $885 million, and diluted EPS in the range of $1.18 to $1.21 (excluding the impact of the ivivva, EPS should fall in the range of $1.19 to $1.22).
"As we start the holiday season, I'm energized by our momentum and we are increasing guidance to reflect this performance. I'm grateful for the enthusiasm I see every day across our collective as we remain on our path to delivering $4 billion in revenue in 2020,” said CEO Laurent Potdevin.
Here’s a graph that looks at Lululemon’s price, consensus, and EPS surprise:
Lululemon designs and retails athletic clothing for women, men, and female youth. Its apparel assortment, including items like fitness pants, shorts, tops and jackets, is designed for activities such as yoga, running and general fitness. The Company's fitness-related accessories include an array of items such as bags, socks, underwear, yoga mats, instructional yoga digital versatile discs and water bottles. Lululemon is based in Vancouver, Canada.
Wall Street’s Next AmazonZacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius. Click for details >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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