Lululemon shares jumped late Wednesday after the retailer reported better-than-expected first-quarter results. Profits and revenue topped analysts’ expectations, though guidance came in lower than expected. Shares have risen 40% this year, handily outperforming the broader market. Watch Lululemon trade live.
Lululemon reported a second-straight quarter that impressed investors, sending shares higher by 3% late Wednesday.
The athleisure retailer’s first-quarter profits and sales topped analysts’ expectations, while its full-year earnings-per-share guidance came in lighter than