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Lululemon on Wednesday reported first-quarter earnings and sales that outpaced analyst estimates, sending shares up nearly 4% in after-hours trading.
Here's what the athletic apparel maker reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
The company also raised its full-year guidance. It expects revenue between $3.73 billion and $3.77 billion, and earnings per share between $4.51 and $4.58 in 2019.
For the first quarter ended May 5, net income rose to $96.6 million, or 74 cents a share, from $75.2 million, or 55 cents a share.
Lululemon shares, as of Wednesday's market close, have surged more than 40% this year. The stock at the end of April hit an all-time high of $179.50 per share, but more recently has fallen back down to around $170.
Same-store sales, a key indicator for the retailer's business, grew 14%, beating a Refinitiv consensus estimate for 11.6% growth.
On the company's earnings call, CFO Patrick Guido said that Lululemon's second-quarter forecast, which was lower than analyst estimates, reflects a "modest impact" from potential new tariffs, as well as additional costs to airfreight products in order to avoid anticipated port congestion in Asia due to pending tariff increases.
Most of the impact from tariffs will occur in the latter half of the year, mostly in the third quarter, Guido said. He expects these additional costs to trim earnings per share by about 5 cents in 2019.
"Lululemon continues to see strong momentum across the entire business," wrote Chief Executive Officer Calvin McDonald.
He added that Lululemon was optimistic about future opportunities and delivering on its five-year growth plan, which aims to double men's and digital revenues, and to quadruple international revenues.