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Lululemon Athletica Inc. Message Board

  • jai4524 jai4524 Jun 18, 2013 7:21 AM Flag

    Guidance is good-accumulate-croaa$100 in one month

    While analysts were expecting earnings of 33 cents per share on $328 million in revenue, Lululemon guided way above expectations, looking for earnings of 33 cents per share to 35 cents per share on revenue of $340 million to $345 million.
    Earnings per share estimates are fairly close to what analysts expected, but revenue was much higher than most
    It would appear that the company (which typically beats its own estimates quite handily) thinks they are fine -- with or without Christine Day. In fact, Day believes this too, stating on the conference call:
    "Plans have been laid for the next five years and a vision
    for the next 10. Now is the right time to bring in a CEO who will drive the next phase of Lululemon's development and growth. I will continue to actively lead the organization while the board searches for a new CEO, and will work

    Sentiment: Strong Buy

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    • Beginning early May monies had slow exit out. My gut feels, the same ones that reduced, are now pushing it down. With the guidance expectations raised, it would stand to reason, all this is to acquire shares for a eventual return to the uptrend. All up uptrends test support levels, this is a heathy test.

65.30+0.98(+1.52%)12:49 PMEDT