What Drove Lululemon’s 3Q17 Top-Line Growth?
Lululemon Athletica (LULU) reported ~14% growth in its total sales to $619 million during 3Q17.
Buoyed by strong third quarter results, Lululemon Athletica (LULU) once again lifted its full-year guidance.
Lululemon Athletica continued its positive run in the last two quarters with strong 3Q17 results.
In this article, we’ll talk about Lululemon Athletica’s (LULU) current valuations and discuss its near-term earnings potential.
Lululemon Athletica’s (LULU) stock had plunged almost 25% early in the year as the company struggled with challenging comps and slowing online momentum.
LULU now has a rating of 2.3 as compared to 2.4 before the 3Q17 results.
Wall Street reacted positively to Lululemon Athletica’s (LULU) better-than-expected top and bottom lines in 3Q17 and its guidance upgrade.
Lululemon Athletica (LULU) reported 3Q17 results on December 6, 2017. The company reported better-than-expected top-line and bottom-line numbers.
According to estimates by Adobe Analytics, Cyber Monday on November 27 was the biggest sales day ever for online shopping in the US.
According to estimates by Adobe Analytics, online sales in the US during Thanksgiving increased 18.0% year-over-year to a record ~$2.9 billion.
Tennessee-based Dollar General (DG) is slated to release results for 3Q17 on Thursday, December 7, 2017.
PVH, which is covered by 16 Wall Street analysts, has “buy” recommendations from 81% of them and “hold” recommendations from the rest.
PVH Corp. (PVH) is currently trading at a one-year forward PE (price-to-earnings) ratio of 16.4x, touching the upper end of its 52-week range of 12.0x–16.4x.
Unlike other fashion players, PVH has witnessed healthy growth in the North America wholesale business. The company expects this trend to continue in the second half of the year.
When PVH (PVH) reports its 3Q17 results on November 29, 2017, management expects EPS to rise from 10.8% to 12.3% and be in the range of $2.88–$2.92.
PVH’s international business is expected to maintain momentum in 3Q17, with strong performances in China, Japan, and Europe.
Year-to-date, PVH’s total sales have increased 5.4% to $4.1 billion. Behind this growth have been some impressive performances from Calvin Klein and Tommy Hilfiger.
PVH Corp. (PVH) is slated to release its 3Q17 results on Wednesday, November 29, 2017, and hold its conference call on November 30. Wall Street is expecting a 12% YoY rise in its third-quarter earnings.
As of November 20, Ross Stores was trading at a 12-month forward PE (price-to-earnings) ratio of 20.6x.
Ross Stores (ROST) generated higher gross as well as operating margin in fiscal 3Q17.