.August 29, 2024 07:00:04 PM

Lululemon Athletica Inc. (NASDAQ:LULU) beat EPS expectations but missed revenue forecasts in its recent quarterly earnings report on August 29, 2024. The company reported an EPS of $3.15, exceeding estimates, but revenue came in at $2.37 billion, slightly below expectations of $2.41 billion. This led to a 10% drop in stock value post-announcement. LULU adjusted its full-year revenue forecast downwards, now expecting 8-9% growth, down from the previous 9-10% projection. Despite this, key financial ratios like a P/E ratio of 20.64 and a current ratio of 2.72 indicate Lululemon’s strong financial health and market valuation.