Lululemon Stock Falls On Weak Outlook As Company Grapples With Recent 'Headwinds'

Lululemon Athletica Inc (NASDAQ: LULU ) reported financial results for the first quarter after the market close on Thursday. Here’s a rundown of the athletic apparel company’s report . Lululemon Athletica stock is trending.  Why is LULU stock in the spotlight? Lululemon Q1 Earnings Highlights Lululemon reported first-quarter revenue of $2.47 billion, beating the  consensus estimate  of $2.43 billion, according to Benzinga Pro . The company posted first-quarter earnings of $1.69 per share, narrowly missing estimates of $1.70 per share. Total revenue was up 4% on a year-over-year basis as Americas net revenue decreased 3% and international revenue climbed 22%. Total comparable sales increased 1% year-over-year, boosted by international growth. Inventories were up 2% year-over-year to $1.7 billion. Lululemon’s total store count was 816 at quarter’s end after opening five new company-operated stores during the quarter. Lululemon ... Full story available on Benzinga.com