Lululemon Q1 Earnings Preview
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Lululemon athletica (NASDAQ:LULU) is scheduled to announce Q1 earnings results on Thursday, June 1, after market close.
Consensus EPS estimate is $1.98 (+70.7% Y/Y) and consensus revenue estimate is $1.92B (+19.3% Y/Y). Over the last 2 years, LULU has beaten EPS estimates 100% of the time and revenue estimates 88% of the time.
Over the last 3 months, EPS estimates have seen 21 upward revisions. Revenue estimates have seen 13 upward revisions and 3 downward.
Lululemon (LULU) rose after topping Q4 earnings estimates and offering an upbeat outlook. At the time, it projected Q1 revenue of $1.89B-$1.93B and EPS of $1.93-$2.00.
Its Q4 results were lauded by Wall Street analysts, with Stifel reiterating its conviction in LULU as a core growth holding. BofA said the exceptionally strong sales meant that the inventory issue could effectively fix itself.
Shares of Lululemon (LULU) gained 2.8% YTD. SA contributor Orion Investing said LULU is priced near its fair value with some potential downside. 
Recent news
Lululemon (LULU) is in talks to sell Mirror, the in-home fitness equipment maker it bought for $500M, as it shifts focus toward its digital app-based services.
It reached out to rowing machine maker Hydrow to offload Mirror, but no deal was finalized.
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