Lululemon Stock Soars on Upbeat Profit Outlook and Buyback Plans
TL;DR Summary
Lululemon's stock surged over 10% in after-hours trading after the company raised its full-year profit outlook and increased its stock repurchase program by $1 billion. Despite concerns over slowing sales growth and competition from brands like Alo and Vuori, Lululemon's Q1 revenue and earnings per share slightly exceeded Wall Street estimates. Analysts remain cautious about the company's future performance, particularly in the U.S. market.
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