
Lululemon Athletica Inc. and Ulta Beauty Inc. both reported their third-quarter earnings, surpassing expectations and boosting their full-year outlooks. Lululemon's revenue increased by 9% year-over-year to $2.4 billion, with a diluted EPS of $2.87, surpassing estimates. The company's international revenue grew by 33%, while Americas revenue saw a modest 2% increase. Lululemon also authorized an additional $1 billion in share buybacks. Ulta Beauty reported a revenue of $2.53 billion, up 1.7% year-over-year, with a diluted EPS of $5.14, significantly beating expectations. Ulta raised its full-year EPS guidance, reflecting improved sales trends and financial discipline. Both companies' stocks saw significant after-hours gains, with Lululemon up 8% and Ulta Beauty up 11%. The positive earnings reports and outlooks led to pre-market increases in their stock prices, with Lululemon rising 9.4% and Ulta Beauty by 11.86%. Ulta Beauty's skincare revenue grew by 6% year-over-year, and Lululemon's revenue in China climbed 39%.























$LULU CEO: "We are pleased with our business over the extended Thanksgiving weekend and the traffic trends we saw across both our store and e-commerce channels. In fact, on Black Friday, we had the most visits ever to our Shop app and e-commerce site. Unlike others in this space,…
🇺🇸 Lululemon returns to stronger growth with 9% revenue jump https://t.co/piXNbb0TIb
Ulta Beauty’s stock on track for biggest gain in 2 years. One analyst says it’s still undervalued. https://t.co/q631dPrkEe