Lululemon Athletica Posts Upbeat Q1 Results, Raises FY21 Guidance
Lululemon Athletica (LULU) reported stronger-than-expected fiscal Q1 results, topping both earnings and revenue estimates driven by a robust performance across all segments. Shares of the lifestyle-inspired athletic apparel company have gained almost 2.4% over the past year. The company reported adjusted earnings of $1.16 per share in Q1, beating analysts’ expectations of $0.90 per share. Revenues of $1.2 billion also exceeded the consensus estimate of $1.12 billion. Additionally, revenues jumpe
Source: yahoo.com