Pedestrians carrying protecting masks stroll previous a Lululemon retailer in San Francisco, California, on Monday, March 29, 2021.

David Paul Morris | Bloomberg | Getty Photos

Lululemon on Thursday reported fiscal first-quarter income that soared 88%, topping analysts’ estimates, as shopper visitors steadily rebounded to its shops.

The leggings maker additionally issued robust steering for its fiscal second quarter and for the complete yr, saying momentum for its model is rising throughout all geographies.

This is how Lululemon did for the interval ended Might 2, in contrast with what analysts had been anticipating, primarily based on a Refinitiv survey:

  • Earnings per share: $1.16 adjusted vs. 91 cents anticipated
  • Income: $1.23 billion vs. $1.13 billion anticipated

Web earnings grew to $145 million, or $1.11 per share, from $28.6 million, or 22 cents per share, a yr earlier. Excluding one-time prices, Lululemon earned $1.16 a share, higher than the 91 cents per shares that analysts estimated.

Income rose to $1.23 billion from $652 million a yr earlier. That got here in forward of expectations for $1.13 billion.

Discover the complete earnings press launch from Lululemon right here.

This story is creating. Please test again for updates.

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