=lululemon athletica (LULU) reported earnings on Wed 29 March 2017 (a/h)

lululemon athletica misses by $0.01, reports revs in-line; guides Q1 EPS below consensus, revs below consensus; guides FY18 EPS below consensus, revs below consensus :

• Reports Q4 (Jan) earnings of $1.00 per share, $0.01 worse than the Capital IQ Consensus of $1.01; revenues rose 12.0% year/year to $789 mln vs the $783.32 mln Capital IQ Consensus.
  • Comp Store Sales increased 6% y/y, gudiance was for mid-single digits.
• Co issues downside guidance for Q1, sees EPS of $0.25-0.27, excluding non-recurring items, vs. $0.39 Capital IQ Consensus Estimate; sees Q1 revs of $510-515 mln vs. $552.44 mln Capital IQ Consensus Estimate.
  • See Comp Sales decrease in the low single digits.
• Co issues downside guidance for FY18, sees EPS of $2.26-2.36, excluding non-recurring items, vs. $2.56 Capital IQ Consensus Estimate; sees FY18 revs of $2.550-2.600 bln vs. $2.62 bln Capital IQ Consensus Estimate.
  • Expects Comp store sales increase in low-single digits.