Lululemon Athletica Inc.
Consumer Discretionary - Textiles, Apparel & Luxury Goods | Reports May 31st AMC
Lululemon Athletica Inc. will release their earnings report for FQ1’18 today after the close. The Estimize consensus calls for EPS of $0.48, two cents higher than the Wall Street consensus and a 50% increase YoY. Estimize has been more accurate than Wall Street in regards to LULU EPS 72% of the time. Currently, the Estimize community predicts sales of $624.71M, which is slightly greater than Wall Street’s prediction ($616.32M).
We expect to see a 7.1% increase in same store sales which is a great indicator of growth. Lululemon has grown its menswear line and is expanding into new regions. The brand has a loyal customer base and is seen as a leader in the athletic and athleisure clothing space. Despite a 117% run in the stock over the last 12 months, analysts believe LULU could still be heading upwards, with options pricing in an 8% move in the direction of tonight’s earnings results.
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