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Lululemon (LULU) Q1 2022 earnings beat estimates

Pedestrians are seen walking past Canadian sportswear retailer Lululemon in Shanghai.

Alex Tai | SOPA images | LightRocket | beautiful pictures

Lululemon on Thursday reported fiscal first-quarter profit and revenue that beat Wall Street expectations, boosted by growth online and in the retailer’s men’s division.

The sportswear retailer also raised its outlook for fiscal 2022, expecting its business momentum to continue despite greater economic difficulties.

This is how Lululemon did in its first fiscal quarter Compared to what Wall Street expected, based on Refinitiv data:

  • Earnings per share: $1.48 vs. $1.43 expected
  • Turnover: 1.61 billion USD compared to 1.53 billion USD

Lululemon shares are down about 23% so far.

This story is evolving. Please check back for updates.

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