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Article Date: January 2023
Word Count: 236

Lululemon Sees Margin Pressure, Narrows EPS Guidance


The lulunatics raised revenue guidance and narrowed net income guidance for the fourth quarter, but warned that gross margin would be lower than expected, in a preannouncement before the ICR Conference. LULU did not present at the conference, but attended to hold analyst meetings. Revenues are now expected to hit $2.660 to $2.700 billion in Q4, up 25% to 27% from last year, and an increase from previous guidance for $2.605 to $2.655 billion. Net income guidance of $4.22 to $4.27 per share is within—but slightly towards the low end of—its ... Log in to view full article.

 


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