Consumer Sector Overview: August 28–September 1, 2017 PART 5 OF 6
Lululemon Athletica reported its 2Q17 results
Vancouver-based athletic apparel company Lululemon Athletica (LULU) reported its fiscal 2Q17 results after the market closed on August 31. Its earnings rose ~3.0% YoY (year-over-year) to $0.39 per share—11% more than analysts’ estimates. Its revenue was ~$581.1 million in fiscal 2Q17—compared to $514.5 million in 2Q16. Lululemon’s revenue also was 2.4% higher than analysts’ estimates.
In Part 3 and Part 4, we discussed other consumer companies’ earnings that released last week.
Consumer sector’s upcoming earnings this week
Ohio-based retailer Kroger (KR) will report its fiscal 2Q18 results after the market opens on September 8. The company is expected to post EPS (earnings per share) of $0.39 in fiscal 2Q18—17.0% lower compared to EPS of $0.47 in fiscal 2Q17. The company is projected to report revenues of $27.5 billion in fiscal 2Q18—3.5% growth compared to fiscal 2Q17.
Iowa-based Casey’s General Stores (CASY) will announce its first quarter 2018 financial results on September 6. The company is expected to post EPS of $1.45 in fiscal 1Q18, which is ~15.0% lower compared to EPS of $1.70 in fiscal 1Q17. The company is projected to report revenues of $2.2 billion in fiscal 1Q18—9.4% higher compared to fiscal 1Q17.