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Lululemon Athletica Q3 results top estimates, but revenue guidance falls short

Investing.com -- Lululemon Athletica reported Thursday fiscal third-quarter results that topped Wall Street estimates, but the athletic apparel maker's revenue guidance for the holiday season quarter fell short of estimates.

Lululemon Athletica Inc (NASDAQ:LULU) fell more than 5% in afterhours following the results.

The company reported adjusted EPS of $2.53 on revenue of $2.2 billion. Analysts polled by Investing.com anticipated EPS of $2.28 on revenue of $2.19B.

Comparable sales increased 13%, with direct-to-consumer net revenue up 18%. Gross margin increased 110 basis points to 57%.

For Q2, the company sees diluted EPS in the range of $4.85 to $4.93, in-line with estimates of $4.93 per share and revenue in the range of $3.14B to $3.17B, missing estimates of $3.18B.

On Nov. 29, the company approved an additional stock buyback programe for up to $1B.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.