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Lululemon (LULU) Q1 2022 earnings beat estimates


Pedestrians seen strolling previous Canadian athletic attire retailer Lululemon in Shanghai.

Alex Tai | SOPA Photos | LightRocket | Getty Photos

Lululemon on Thursday reported fiscal-first quarter revenue and income outpacing Wall Road’s expectations, boosted by progress on-line and within the retailer’s males’s division.

The athletic attire retailer additionally raised its outlook for fiscal 2022, anticipating the momentum in its enterprise to proceed despite broader financial headwinds.

Here is how Lululemon did in its fiscal first quarter in contrast with what Wall Road was anticipating, primarily based on Refinitiv knowledge:

  • Earnings per share: $1.48 vs. $1.43 anticipated
  • Income: $1.61 billion vs. $1.53 billion

Lululemon shares are down about 23% 12 months thus far.

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