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Lululemon Stock Surges 11.5% after Its 1Q17 Results

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Lululemon Stock Surges 11.5% after Its 1Q17 Results PART 1 OF 7

1Q17 Earnings Overview: Lululemon Beats on Top and Bottom Lines

Series snapshot

Athletic apparel manufacturer Lululemon Athletica (LULU) reported its 1Q17 results after the market closed on June 1, 2017. The results relate to the three-month period ended April 30, 2017.

Lululemon Athletica delivered better-than-expected performance on earnings and revenues during the quarter. Its total sales stood at $520 million, a 5% increase year-over-year (or YoY) and $5 million higher than Wall Street’s expectations. Its earnings per share (or EPS) improved 6.7% YoY to $0.32, which was $0.04 better than the consensus.

1Q17 Earnings Overview: Lululemon Beats on Top and Bottom Lines

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Lululemon (LULU) stock rose 11.5% the next day, reducing its YTD (year-to-date) losses to 16.5%. The company’s sportswear competitors Under Armour (UAA) and Foot Locker (FL) are also in the red, with YTD losses of 30.8% and 18%, respectively.

However, LULU’s larger rivals Nike (NKE), and Sketchers (SKX) have YTD gains of 4.3% and 7.5%, respectively.

About Lululemon Athletica

Lululemon Athletica designs and sells healthy lifestyle athletic apparel inspired by yoga and other fitness activities. It primarily operates under the Lululemon and Ivivva brand names.

The company opened its first store in 2000 in Vancouver, Canada. LULU has expanded to 411 stores located in the US, Canada, Australia, New Zealand, and the United Kingdom through April 30, 2017.

LULU had a market capitalization of $7.4 billion on June 2, 2017. It forms part of the iShares Edge MSCI Multifactor Consumer Discretionary ETF (CNDF), which invests ~1.3% of its portfolio in the company.

In this series, we’ll analyze Lululemon’s 1Q17 results. We’ll look at the company’s current financial performance, its stock market performance, and Wall Street’s view on its results.

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