Lululemon reported earnings of 42 cents a share for the third quarter, beating analysts' estimates of 38 cents a share. Revenue grew 10.4% year over year to $419.4 million for the quarter, below analysts' estimates of $424.77 million.
The retailer expects to report earnings of 65 cents to 68 cents a share and revenue of $570 million to $585 million for the fourth quarter. Analysts expect earnings of 72 cents and revenue of $593.54 million for the quarter.
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TheStreet Ratings team rates LULULEMON ATHLETICA INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate LULULEMON ATHLETICA INC (LULU) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."