lululemon athletica inc. Announces Fourth Quarter and Full Year Fiscal 2020 Results
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Lululemon Athletica Inc. (LULU) PT Lowered to $385 at Cowen
March 31, 2021 6:57 AM EDTCowen analyst John Kernan lowered the price target on Lululemon Athletica Inc. (NASDAQ: LULU) to $385.00 (from $389.00) while maintaining an Outperform rating.
The analyst commented, "The top-line outlook is impressive and management gave detailed guidance for FY21 implying confidence in its business. As we... More
lululemon athletica (LULU) Tops Q4 EPS by 9c, Revenues Beat; Offers 1Q & FY21 EPS/Revenue Outlook
March 30, 2021 4:09 PM EDTlululemon athletica (NASDAQ: LULU) reported Q4 EPS of $2.58, $0.09 better than the analyst estimate of $2.49. Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.66 billion.
For the fourth quarter of 2020, compared to the fourth quarter of 2019:
Net revenue increased 24% to $1.7 billion. On a constant dollar basis, net revenue increased 22%.Net revenue increased 21% in North America and increased 47% internationally.Total comparable sales increased 21%, or increased 20% on a constant dollar basis.Direct to consumer net revenue increased 94%, or increased 92% on a constant dollar... More