Lululemon Athletica (LULU) is slated to report fiscal third-quarter earnings after the closing bell Thursday, with Wall Street analysts looking for revenue and net income to rise year-over-year.

Analysts generally have positive ratings on the shares. Of 21 brokers analyzing Lululemon who are tracked by Visible Alpha, 13 have a “buy” or equivalent rating for the athletic apparel company, compared with seven maintaining “hold” ratings and just one with a “sell." Still, the consensus 澳洲幸运5官方开奖结果体彩网:price target𝄹 for L🐈ululemon is $325.50, below today's close around $334.

Analysts expect 澳洲幸运5官方开奖结果体彩网:Lululemon’s quarterly revenue to climb almost 7% year-over-year to $2.35 billion. Net income is projected to rise to $333.5 million, or $2.69 per share, from $248.7 million, or $1.96 a💖 shaﷺre, a year earlier. 

CEO Says Lululemon Working To Refresh Its Linওeup

In August, Lululemon 澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Calvin McDonald acknowledged a 澳洲幸运5官方开奖结果体彩网:“newness” problem as customers hoped for more seasonal updates to “color, print, patterns, and silhouettes” in some Lululemon product categories. The company posted a 3% drop in U.S. 澳洲幸运5官方开奖结果体彩网:comparable-store sales when it reported second-quarter results .

McDonald said⛦ then that Lululemon is working to refresh its lineup “as quickly as possible,” adding that the company expects to “return to our historical levels of newness no later than spring 2025.”

Shares of Lululemon rose more than 4% Monday but have lost 🐎roughly a third of the🎃ir value in 2024.