Lululemon Q1 Earnings Preview: What to Expect

Lululemon Q1 Earnings Preview: What to Expect

Investors will be setting their sights on Lululemon (LULU: NSD) as the athletic apparel company gears up to report its fiscal first-quarter 2024 earnings after the market close on Wednesday, June 5th.

 

Expected Q1 Earnings of Lululemon: 

Analysts predict Lululemon to report earnings per share (EPS) of $2.40 for the quarter, according to a consensus estimate compiled by Stock Target Advisor. This represents a 5.3% increase year-over-year. The expectation for revenue is $2.20 billion, reflecting a 10% growth compared to the same period last year. It’s worth noting that this is a slowdown from Lululemon’s previous quarter’s growth rate.

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Key Areas to Watch in Earnings Report:

Below are the key points that investors must look at before taking any investment decision.     

  • Sales Trends: Lululemon’s sales performance will be a key focus area, especially considering recent inflationary pressures. Investors will be keen to see if the demand for Lululemon’s products remains strong despite rising costs.
  • Digital Sales Strength: How Lululemon’s digital sales fared during the quarter will also be under scrutiny. This will provide insights into the ongoing impact of e-commerce on the company’s business model.
  • Inventory and Margins: Lululemon’s inventory levels and margin trends will be closely monitored as well. Investors will be looking for signs of potential issues arising from excess inventory or declining margins due to promotional activities.

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