Lululemon's China Comeback, Analyst Sees 60% Q3 Growth [Yahoo! Finance]
lululemon athletica inc. (LULU)
Last lululemon athletica inc. earnings: 3/26 04:05 pm
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Source: Yahoo! Finance
The analyst says that the data shows that LULU's sales in China have picked up momentum in the third quarter to date, following a slowdown in the second quarter. Notably, Meritco's data shows that Lululemon's China sales increased by 48% in August and 67% in September, with a 98.4% correlation to reported sales. This marks a significant rebound from the second quarter. Although monthly sales can be volatile, the analyst maintained the estimate of 60% growth for the quarter, adding 300 basis points to total sales growth compared to the second quarter. The analyst writes that they have long regarded China as a significant growth opportunity, and this positive trend reinforces their confidence in LULU's diverse growth avenues. While still a small portion of total revenues, China plays a crucial role in Lululemon's growth. Sales increased by 33% (+40% ccy) in FY22, 67% (+75% ccy) in FY23, and 39% year-to-date, with China accounting for 13% of total revenues, adds the analyst. T
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LULU
Earnings
- 8/29/24 - Beat
LULU
Sec Filings
- 11/12/24 - Form SC
- 11/4/24 - Form SC
- 10/7/24 - Form SC
- LULU's page on the SEC website