Q1 Results: Beat EPS, Beat Revenue Expectations
🔹 EPS: $1.69, beat consensus by $0.01 (consensus was $1.68)
🔹 Revenue: $2.47B, up 4.3% YoY, beat $2.43B consensus
🔹 Comparable Sales: +1% YoY (or -2% on a constant dollar basis)
Americas: -5% YoY (-6% constant currency)
International: +13% YoY (+8% constant currency)
Q2 Guidance:
🔹EPS: $1.76-$1.81, below consensus of $2.68
🔹Revenue: $2.45B-$2.475B, below consensus of $2.6B
FY27 Guidance:
🔹EPS: $10.95-$11.15, below consensus of $12.27
🔹Revenue: $11.00B-$11.15B, below consensus of $11.47B
I'm actually quite shocked how badly LULU is performing. Down over 60% in a year and 75% off its highs in 2023/2024. I actually like their clothing, I've shopped there many times and am a fan. Sad to see. Might look to enter a position if it goes sub-$100.