**Lululemon Athletica Inc. (LULU)** has been assigned a Zacks Rank of #5 (Strong Sell), despite recently reporting an earnings per share (EPS) of $3.10 for the last quarter, exceeding analyst expectations of $2.84 by 9.15%, or a 26-cent beat. The company’s fiscal year 2023 earnings estimates have declined from $14.72 to $13.01, while estimates for the next fiscal year dropped from $15.89 to $13.22 over the past 60 days.
Founded in 1998, Lululemon, headquartered in Vancouver, Canada, designs, distributes, and retails athletic apparel and accessories across its Company-Operated Stores and Direct to Consumer segments. The company’s consistent earnings beats have not safeguarded it from a poor ranking, as the Zacks Rank is more heavily influenced by negative revisions in earnings estimates than by past performance.
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