Source: Dreamstime | Photographer: Michael Spring
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On Thursday (10.12), Lululemon Athletica reported profits that overshadowed Wall Street expectations by a wide margin thanks to record Thanksgiving and Black Friday sales.
After initial gains following the news, the company’s shares fell by around 1% in the after-hours trading session. So far this year, Lululemon’s shares have grown by 59%.
Here are the main financial highlights from Lululemon Athletica’s Q3 2020 earnings release:
– Net revenue: $1.12 billion (up 22% year-over-year) versus expectations for $1.02 billion
– Earnings per share: $1.16 versus expectations for 88 cents
– Total income from sales: $1.1 billion (up 22% compared to last year)
Most of the company’s net revenue growth came from customers in North America (19%), which primarily shopped online. In total, according to Lululemon, direct sales (sales that the company makes straight to consumers, without any middlemen) represented 42.8% of its total quarterly revenue – almost double the growth compared to a year earlier.
We would also like to remind our readers that, earlier this year, Lululemon had purchased the exercise equipment maker Mirror for $500 million. Throughout its third quarter, Lululemon had sold many of the former manufacturer’s high-tech, mirror-like workout devices for approximately $1,500 a piece in 18 of its stores, as well as through its website.
Earnings guidance for FY 2020
So far the company has withheld its full-year financial outlook, citing COVID-19 concerns.
Upcoming reports
See the full list of upcoming earnings reports for 14 – 19 December in the tables below.
Monday, December 14th 2020
| Country of origin | Company name | Fiscal period |
|---|---|---|
| Germany | Metro AG | Q4 2020 |
Tuesday, December 15th 2020
| Country of origin | Company name | Fiscal period |
|---|---|---|
| USA | Cintas Corp | Q2 2021 |
| United Kingdom | Shaftesbury PLC | Full Year 2020 |
| Spain | Industria de Diseno Textil SA | Q3 2020 |
| Germany | Ceconomy AG | Q4 2020 |
Wednesday, December 16th 2020
| Country of origin | Company name | Fiscal period |
|---|---|---|
| USA | ABM Industries Inc | Q4 2020 |
| USA | Paychex Inc | Q2 2021 |
| Austria | EVN AG | Full Year 2020 |
Thursday, December 17th 2020
| Country of origin | Company name | Fiscal period |
|---|---|---|
| Canada | BlackBerry Ltd | Q3 2021 |
| USA | FedEx Corp | Q2 2021 |
| USA | General Mills Inc | Q2 2021 |
Friday, December 18th 2020
| Country of origin | Company name | Fiscal period |
|---|---|---|
| USA | Progressive Corp | Earnings for November 2020 |
| USA | Carnival Corp | Q4 2020 |
| United Kingdom | Carnival PLC | Q4 2020 |
Saturday, December 19th 2020
| Country of origin | Company name | Fiscal period |
|---|---|---|
| USA | Nike Inc | Q2 2021 |
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