Lululemon Athletica is a leading retailer specializing in athletic apparel and accessories, primarily focused on yoga, running, and workout gear
The company offers a wide range of high-quality, performance-oriented clothing for both men and women, as well as a selection of lifestyle products that promote an active and healthy lifestyle. Recognized for its innovative designs and commitment to sustainability, Lululemon encourages a community-oriented culture through fitness programs and events, fostering a strong brand loyalty among its customers.
Shares of athletic apparel retailer Lululemon (NASDAQ:LULU)
fell 15% in the morning session after the company reported underwhelming fourth quarter 2024 results and provided full-year revenue and EPS guidance below analysts' estimates. The Americas region showed flat comparable sales during the quarter, while international markets posted a 20% increase.
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Lululemon shares are tanking Friday after the company issued soft forward guidance for the year ahead, despite beating estimates on the top and bottom line for the fourth quarter.
Markets vacillated most of the day just under breakeven, but ended up on a downturn that brought levels near session lows, which happened early in the day.
Jim Cramer voiced skepticism about Lululemon Athletica Inc.'s latest earnings, posting on X, "I don't know how LULU could be pleased with how the quarter ended but not like how the next quarter began!"
Athletic apparel retailer Lululemon (NASDAQ:LULU) announced better-than-expected revenue in Q4 CY2024, with sales up 12.7% year on year to $3.61 billion. On the other hand, next quarter’s revenue guidance of $2.35 billion was less impressive, coming in 2.1% below analysts’ estimates. Its GAAP profit of $6.14 per share was 4.6% above analysts’ consensus estimates.
