Lululemon: Fiscal Q1 Earnings Snapshot
By Ap News
Published - Jun 05, 2024, 04:18 PM ET
Last Updated - Jun 05, 2024, 04:18 PM EDT
VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — Lululemon Athletica Inc. (LULU) on Wednesday reported fiscal first-quarter profit of $321.4 million.
The Vancouver, British Columbia-based company said it had net income of $2.54 per share.
The results surpassed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $2.38 per share.
The athletic apparel maker posted revenue of $2.21 billion in the period, also surpassing Street forecasts. Eleven analysts surveyed by Zacks expected $2.2 billion.
