Lululemon unravels on Wall Street

(Boursier.com) — Lululemon , star of yoga clothing which recently joined the S&P 500 index, announced last night quarterly accounts above market expectations, but disappointing guidance. Revenues for the first fiscal quarter are expected to be between $2.175 billion and $2.2 billion, growing 9 to 10%, for diluted earnings per share ranging from $2.35 to $2.40. The consensus was for 2.25 billion in revenue and $2.55 in EPS. The Canadian group forecasts a turnover for the entire fiscal year 2024 of between 10.7 and 10.8 billion dollars, against 10.9 billion consensus. Full-year earnings are expected to be between $14 and $14.2 per share. For the quarter ended January, fourth quarter 2023, revenue was $3.2 billion, up 16% year-over-year, compared to a consensus of $3.19 billion. Adjusted earnings per share were $5.29, versus $5 consensus.