Jefferies Comments On Another 2Q Beat For LULU

Jefferies & Company has published a research report on Lululemon Athletica LULU after the company reported a strong 2Q earnings beat. In the report, Jefferies writes, "Another strong print with a 2Q beat (26c vs. 22c) coming from better sales, GM %, and SG&A. The stock is indicated down in pre-market on what appears to be light guidance vs. (generally high) expectations. Will hear specifics on the 9am call, but we chalk this up to management's conservatism around the uncertain macro environment." Jefferies maintains its Hold rating and $56 price target. Lululemon Athletica closed yesterday at $57.69.