Lululemon Stock Soars on Strong International Growth and Earnings Beat
TL;DR Summary
Lululemon and Ulta Beauty stocks surged after both companies reported better-than-expected earnings, leading the S&P 500 in premarket trading. Lululemon's earnings rose 7% to $2.87 per share, with revenue up 9%, prompting analysts to raise price targets. The company also increased its stock repurchase program by $1 billion. Ulta Beauty's earnings increased by 1.4% to $5.14 per share, with revenue growth of 1.7%, leading to a revised earnings forecast. Both stocks have rebounded significantly from their August lows, despite year-to-date declines.
- Lululemon, Ulta Beauty Stock Lead S&P 500 On Earnings, Target Hikes Investor's Business Daily
- Lululemon Rockets 9% Pre-Market on Blockbuster International Growth Yahoo Finance
- Lululemon Stock Scores Biggest Surge Since 2008. Wall Street Cheers as Sales Surprise. Barron's
- Lululemon stock jumps as international growth helps to offset slowing U.S. sales CNBC
- Lululemon stock jumps 15% on earnings. Is the leggings maker back? Yahoo Finance
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