$Lululemon(LULU.US) (-16% AH, no position) guided to 2Q rev and eps forecasts that badly missed WS estimates. We see this as a result of intense competitive conditions rather than macro challenges.
1Q actual:- Revs $2.37B vs $2.36B est- Adj EPS $2.60 vs $2.60 est2Q guide:- Revs $2.54B-$2.56B vs $2.57B est- EPS $2.85-$2,90 vs $3.31 estFY guide:- Revs $11.15-$11.3B vs $11.3B est- EPS $14.58-$14.78 vs $14.95 vs $15.15 estThe copyright of this article belongs to the original author/organization.
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