These Analysts Boost Their Forecasts On Lululemon After Upbeat Q3 Results

Core Insights - Lululemon Athletica Inc. reported better-than-expected third-quarter results, with earnings of $2.59 per share, surpassing analyst estimates by 14.15% [1] - The company raised its full-year guidance for fiscal 2025, projecting GAAP EPS between $12.92 and $13.02 and revenue between $10.96 billion and $11.05 billion [2] Financial Performance - Quarterly revenue reached $2.57 billion, exceeding the Street estimate of $2.48 billion and showing an increase from $2.4 billion in the same period last year [1] - The company’s stock rose 10.7% to $207.01 in pre-market trading following the earnings announcement [2] Guidance and Strategic Moves - Lululemon announced a CEO succession plan and authorized an increase to its share buyback program [2] - Analysts adjusted their price targets for Lululemon post-earnings, with B of A Securities raising it from $185 to $220, Telsey Advisory Group from $200 to $215, and Jefferies from $120 to $170 [3]