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Lululemon shares jump as holiday-quarter sales surge - TL;DR CNBC

Lululemon shares jump as holiday-quarter sales surge

Publishing timestamp: 2023-03-29 08:42:49


Summary

Lululemon reported strong sales for the holiday quarter, beating Wall Street's expectations and issuing upbeat guidance for its new fiscal year. The company's fourth-quarter net income fell compared to the previous year, but excluding certain charges, earnings per share were higher than expected. Lululemon's total comparable sales for the quarter increased by 27%, and the company expects fiscal 2023 revenue and full-year profit to exceed Refinitiv estimates. Shares of Lululemon jumped about 14% in premarket trading following the earnings report.


Sentiment: POSITIVE

Tickers: LULU

Keywords: businessbusiness newslululemon athletica incearningsapparel retailretail industry

Source: https://www.cnbc.com/2023/03/28/lululemon-shares-jump-as-holiday-quarter-sales-surge.html


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