William Blair analyst Sharon Zackfia believes Lululemon Athletica (LULU) will outpace its own guidance for the fiscal fourth quarter.
In a recent note, Zackfia shared that “store traffic was robust during our pre- and post-Christmas checks and, similar to last year, there was little markdown activity prior to Christmas.”
The analyst said unseasonably mild weather helped holiday traffic and now expects revenue growth to be 16 percent in the fourth quarter for LULU, up from previous estimates of 15 percent growth outpacing the company’s guidance between 13 percent and 14 percent.
According to Zackfia, LULU’s fourth-quarter earnings per share are estimated to be up 14 percent to $5.02, beating both the consensus of $4.95 and the company’s guidance of $4.85 to $4.93 per share.
Image courtesy Lululemon
