Gross profit rose 24% to $505 million in third-quarter fiscal 2019.
The bottom line gained from solid top-line growth along with gross margin expansion and SG&A leverage. Lululemon posted earnings of 96 cents per share, beating the Zacks Consensus Estimate of 93 cents, and increased 28% from adjusted earnings of 75 cents in the year-ago quarter.
It anticipates gains from the execution of strategies to result in modest gross margin expansion annually through 2023. Notably, the company incurred nearly 1 cent of these costs each in the fiscal second and third quarters, and expects the remaining 2-3 cent impact to be incurred in the fourth quarter.ĭespite these headwinds, lululemon is optimistic about opportunities to boost product margins in the long run. It continues to expect these headwinds to have a negative impact of 4-5 cents on fiscal 2019 earnings within gross margin. The company envisions earnings of $2.10-$2.13 per share for the fiscal fourth quarter compared with $1.85 recorded in the year-ago quarter.įurther, the company expects greater impacts of tariff increases and airfreight costs in the fiscal fourth quarter. Moreover, fourth-quarter fiscal 2019 earnings guidance looks encouraging. Results were aided by positive response to merchandise assortments along with continued investments to bolster business growth. Lululemon athletica retained its positive streak in third-quarter fiscal 2019, with sales and earnings surpassing the Zacks Consensus Estimate and improving year over year. Lululemon Surpasses Earnings & Sales Estimates in Q3 Will the recent positive trend continue leading up to its next earnings release, or is Lululemon due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
Shares have added about 5.1% in that time frame, outperforming the S&P 500. A month has gone by since the last earnings report for Lululemon (LULU).
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