For the quarter ended April 2023, Lululemon (LULU) reported revenue of $2 billion, up 24% over the same period last year. EPS came in at $2.28, compared to $1.48 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.92 billion, representing a surprise of +3.96%. The company delivered an EPS surprise of +15.74%, with the consensus EPS estimate being $1.97.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company’s financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock’s price performance more accurately.
Here is how Lululemon performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total Gross Square Footage: 2632 Ksq ft compared to the 2616.85 Ksq ft average estimate based on eight analysts.
- Total stores: 662 compared to the 667.67 average estimate based on six analysts.
- Comparable store Sales: 13% versus 9.08% estimated by six analysts on average.
- Total Net New Stores: 7 versus 27.5 estimated by four analysts on average.
- Comparable sales (Constant currency): 17% versus 12.5% estimated by three analysts on average.
- Comparable Store Sales (Constant currency): 16% versus 11.67% estimated by three analysts on average.
- Revenues- Company-operated stores: $958.09 million versus $869.39 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +31% change.
- Revenues- Other: $207.76 million versus $182.63 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +29.4% change.
- Revenues- Direct to consumer: $834.94 million versus the six-analyst average estimate of $856.79 million. The reported number represents a year-over-year change of +15.8%.
View all Key Company Metrics for Lululemon here>>>
Shares of Lululemon have returned -13.4% over the past month versus the Zacks S&P 500 composite’s +0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names “Single Best Pick to Double”
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
lululemon athletica inc. (LULU) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Image and article originally from www.nasdaq.com. Read the original article here.