Apparel company Lululemon Athletica Inc LULU reported first quarter financial results that beat Street consensus estimates for both revenue and earnings per share. Analysts are upgrading their price targets after the quarterly results.
The outlook for the full year was raised by Telsey after the company updated its guidance. “Despite market fears of an industry-wide slowdown in the specialty retail/apparel space, the company delivered an impressive start to FY23, besting expectations across the board,” Telsey said.
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