🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

MKM Partners positve on Lululemon into earnings

Published 08/28/2017, 03:06 PM
© Reuters.  MKM Partners positve on Lululemon into earnings
LULU
-
  • MKM Partners thinks Lululemon (LULU -0.5%) will post some solid numbers when it reports Q2 earnings on Friday.
  • "We see upside potential to LULU's 2Q (we are modeling a 4% comp, EPS of $0.35, in line with the Street), based on our favorable checks throughout the quarter (which pointed to product newness and controlled in-store promotional levels) and believe momentum has continued QTD, with results from our survey supporting our view," writes analyst Roxanne Meyer.
  • Meyer is also positive that the momentum will continue for the retailer. "We see meaningful opportunity in 2H across categories, but particularly in men's, jackets and accessories, which could support both AUR and margins," she adds.
  • Consensus estimates on Lululemon stand at revenue of $568M and EPS of $0.35.
  • Now read: YogaWorks: Beyond The Numbers


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.