Retail

Lululemon (LULU) reports Q1 2021 earnings

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Pedestrians wearing protective masks walk past a Lululemon store in San Francisco, California, on Monday, March 29, 2021.

David Paul Morris | Bloomberg | Getty Images

Lululemon Athletica said Thursday its fiscal first-quarter revenue soared 88%, topping analysts’ estimates, as shopper traffic steadily rebounded to its stores.

The athletic apparel maker also issued a strong forecast for its fiscal second quarter and raised full-year estimates, saying momentum for its brand is growing across all geographies.

Its stock rose less than 1% on the news in extended trading.

Here’s how Lululemon did for the period ended May 2, compared with what analysts were anticipating, based on a Refinitiv…



Source cnbc.com

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