Lululemon: Fiscal 1Q Earnings Snapshot - InfoNews

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Lululemon: Fiscal 1Q Earnings Snapshot

June 11, 2020 - 1:14 PM

VANCOUVER, British Columbia (AP) _ Lululemon Athletica Inc. (LULU) on Thursday reported fiscal first-quarter net income of $28.6 million.

The Vancouver, British Columbia-based company said it had net income of 22 cents per share.

The results missed Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.

The athletic apparel maker posted revenue of $652 million in the period, which also did not meet Street forecasts. Thirteen analysts surveyed by Zacks expected $711.4 million.

Lululemon shares have risen 33% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $308.53, a climb of 80% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LULU at https://www.zacks.com/ap/LULU

News from © The Associated Press, 2020
The Associated Press

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