5 Earnings Reports Everyone is Talking About

3. Lululemon Athletica Inc. (NASDAQ:LULU)

Number of Hedge Fund Holders: 43

Shares of Lululemon Athletica Inc. (NASDAQ:LULU) jumped to a nearly three-month high in the pre-market trading session on Wednesday, March 30, 2022, after topping profit expectations for its fiscal fourth quarter.

Lululemon Athletica Inc. (NASDAQ:LULU) reported adjusted earnings of $3.37 per share, up from $2.58 per share in the fourth quarter of 2020. Analysts were looking for earnings of $3.28 per share.

Follow Lululemon Athletica Inc. (NASDAQ:LULU)

Revenue for the quarter rose 23 percent versus last year to $2.13 billion and matched the consensus forecast. Among other updates, Lululemon Athletica Inc. (NASDAQ:LULU) reported that it repurchased $812.6 million worth of its common stock during the quarter. In addition, it opened 22 new stores, bringing the total count to 574.

Looking forward, Lululemon Athletica Inc. (NASDAQ:LULU) expects earnings in the range of $1.38 – $1.43 per share and revenue between $1.525 – $1.550 billion for the current quarter. This compares to the consensus of $1.29 per share for earnings and $1.55 billion for revenue.