Stonk Tech
06/08/2024
On June 5th, the athletic apparel retailer only narrowly exceeded revenue expectations, despite surpassing Wall Street's earnings estimates. For the first fiscal quarter,
Lululemon reported the following:
• Earnings per share: $2.54 vs. $2.38 expected
• Revenue: $2.21 billion vs. $2.19 billion expected
What about the sales & net income in Lululemon's first fiscal quarter? How much worth of stocks did the buyback program announce? How did the market react to the earnings report?
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