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Lululemon Athletica Inc LULU reported third-quarter financial results after the market close on Thursday. Here’s a look at the key metrics from the quarter . Q3 Earnings: Lululemon reported third-quarter revenue of $2.4 billion, beating the consensus estimate of $2.36 billion, according to Benzinga Pro . The athleisure company reported third-quarter earnings of $2.87 per share, beating analyst estimates of $2.70 per share. Total revenue was up 9% on a year-over-year basis and total comparable sales increased 4% year-over-year. Americas net revenue increased 2% year-over-year, while international revenue jumped 33% year-over-year. Lululemon’s total store count was 749 at the quarter’s end after opening 28 new company-operated stores during the quarter. Inventories were up 8% year-over-year to $1.8 billion. The company ended the quarter with $1.2 billion in cash and cash equivalents. “Our performance in the third quarter shows the enduring strength of lululemon globally, as we saw continued momentum across our international markets and in Canada. Looking to the future, we are pleased with the start to our holiday season, and we remain focused on accelerating our U.S. business and growing our brand awareness around the world,” said Calvin McDonald , CEO of Lululemon. See Also: November Jobs Report Preview: Will It Seal The Deal For A Fed Interest Rate Cut? Lululemon said it repurchased 1.6 million shares during the quarter. The company’s board also approved a $1 billion increase to Lululemon’s stock repurchase program. As of Dec. 5, Lululemon had $1.8 billion remaining on its authorized buyback. Guidance: Lululemon sees fourth-quarter revenue in the range of $3.475 billion to $3.51 billion versus estimates of $3.496 billion. The company anticipates fourth-quarter earnings of $5.56 to $5.64 per share. Lululemon expects full-year revenue to be in the range of $10.452 billion to $10.487 billion. Full-year earnings are expected to be in the range of $14.08 to $14.16 per share. Management will further discuss the quarter on a conference call with investors at 4:30 p.m. ET. LULU Price Action: Lululemon shares were up 7.65% in after-hours, trading at $371.50 at the time of publication Thursday, according to Benzinga Pro . Photo: Shutterstock. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Opinion Don't miss out on the headlines from Opinion. Followed categories will be added to My News. The irony is extraordinary: Some of our federal parliamentarians are now apparently wavering on their world-leading and lifesaving plans to impose mandatory age limits for social media use because they are being bullied by Elon Musk. Mr Musk took to the X platform that he owns – and that would be included in the ban – to retweet a statement from Prime Minister Anthony Albanese posted when the legislation was introduced last week. Mr Musk added: “Seems like a backdoor way to control access to the internet by all Australians.” What absolute codswallop. This is about saving kids’ lives, nothing more and nothing less. Our young teens are enduring an epidemic of suicides being fuelled by unlimited access to a tool that makes bullying easy to broadcast, and that our kids cannot escape. The national bullying framework that the government has agreed to pursue needs to be part of the response to this emergency. But without the social media ban, it is like telling 12-year-old kids they can drive a car all they like, so long as they have done a defensive driving course. They are not old enough! Making it illegal for kids under 16 to use social media arms parents and teachers with a big stick. It also means kids will know that using social media is wrong. It is like having an age limit for drinking. You can’t realistically stop teens sneaking some booze before they turn 18, but they sure as heck know they are breaking the law. Imagine a world where there was no age limit for drinking alcohol. Parents would have no way of ever stopping it happening. It is the same now for social media – something that society has now learned is not an appropriate thing for under-16s, as they are not mature enough for it. Mr Musk has further claimed the only way to enforce the ban would be for all Australians, including adults, to have to pass an identity or age verification process. It will be up to the platforms to figure out how to make it work, but the deputy secretary of the federal communications department James Chisholm confirmed in a Senate estimates hearing this month that, indeed, “everybody (would) have to go through an age-verification process” – and the federal government has separately conceded the changes “may require the collection, use and disclosure of additional personal information”. This is, of course, a reasonably significant change. But it will not apply to usage of the internet per se, just if you want to use one of those platforms captured by the change – and at this point that is Facebook, Instagram, TikTok and Snapchat. All already require you to sign up to use them. And the Prime Minister said yesterday there would be an obligation built in that any personal information was destroyed once age was verified. But even if you back Mr Musk’s position, the alternative is that our kids will continue to suffer – and some will tragically take their own lives as they think it is the only way they can escape the bullying that now follows them everywhere. And so what Mr Musk is really saying is that he does not care about Australia’s children. He is fighting to keep them armed with a tool that they are too young to be trusted with, and that is ruining lives. Any parliamentarians pushing for this ban to not be imposed are taking the same position. They are prioritising the profits of billionaires over the lives of our kids. That is the logical extension of not acting here. We simply must stay the course. TEST MATCH LIVES UP TO NAME There is still nothing better in cricket than the challenges a Test match produces, and the game in Perth proved that, despite it not being the result Australia wanted. The term “test match” was coined in 1 861 to designate which were the most important games to be played in Australia by a visiting team of Englishmen – in that those matches should be the greatest tests for the tourists of their “strength and competency”. And so it was 163 years on in Perth – where an unheralded Indian side led from the front by their fire-breathing, pace-bowling captain Jasprit Bumrah dismantled a heavily favoured Australian side packed with this generation’s batting superstars, after which the homeside’s bowling megastars were picked apart by newly arrived batting prodigy Yashasvi Jaiswal and ageing legend Virat Kohli. The Indians thoroughly deserved their record victory. The Aussie team will have to regroup, and the selectors could be forgiven for contemplating whether this is the time for generational change. But the other great thing about Test cricket is that the tables could well turn in Adelaide at the end of next week. Bumrah under lights is the stuff of nightmares, but the same could be said for Australia’s Mitchell Starc if he finds form. An Australian victory in Adelaide would be the perfect scene-setter for Brisbane’s Test from Saturday, December 14. And knowing the curveballs that Tests can so often produce, it shouldn’t be discounted. Responsibility for election comment is taken by Chris Jones, corner of Mayne Rd & Campbell St, Bowen Hills, Qld 4006. Printed and published by NEWSQUEENSLAND (ACN 009 661 778). Contact details here Originally published as Editorial: Elon Musk doesn’t care about Aussie kids, just his bottom line Read related topics: Let Them Be Kids Join the conversation Add your comment to this story To join the conversation, please log in. Don't have an account? Register Join the conversation, you are commenting as Logout More related stories Opinion Kennett: Only a bad government builds until it goes broke Infrastructure projects must be built as you can afford them, while balancing the other obligations of running the state. Victoria has got that mix badly wrong. Read more Opinion Bracks: Labor is reducing congestion and cutting travel times The Andrews-Allan governments has delivered on its infrastructure promises while delivering world-class projects that have improved the lives of Victorians. Read more
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COLLEGE PARK, Md. (AP) — Maryland turned the ball over 25 times, blew a 17-point lead and was outrebounded in the second half. Coach Brenda Frese still had plenty to be happy about. “I thought it was a phenomenal game from two really competitive teams,” Frese said. “Credit Michigan State. We knew they were going to play hard for 40 minutes.” No. 8 Maryland faced its biggest test in a while Sunday, and the Terrapins . It wasn't a pretty game from an offensive standpoint, but the Terps were able to execute when they needed to at the end. Up by two in the final minute, Shyanne Sellers found Christina Dalce on a pick-and-roll for an easy layup with 36.3 seconds left — her only points of the game. Michigan State didn't score again, falling short in this matchup between two ranked Big Ten teams. This was nearly a clash of unbeatens, but the Spartans (11-2, 1-1 Big Ten) lost to Alabama in their last game before this one. Maryland (12-0, 2-0) has equaled the second-best start in team history. “It's one of the most competitive groups I've ever coached," Frese said. “It's not really about being undefeated. Of course we love it. I think it shows just the work that they're putting in. But for us, as long as we just continue to keep our head down and work hard through this process, I think that's where you're seeing the results pay off.” The Terrapins beat Duke last month, but this was their first ranked opponent since. It was a physical game in which rebounds were not for the faint of heart. “One thing I've loved about our team all year is our effort's always been in a great space,” said Michigan State coach Robyn Fralick, whose team had a 10-1 edge in offensive rebounds in the second half. Maryland let a big lead get away, but with the score tied at 57, Saylor Poffenbarger and Bri McDaniel made 3-pointers to put the Terps up by six. McDaniel had to leave the game earlier in the fourth after falling to the ground with a thud, but she was able to return. ___ Get poll alerts and updates on the AP Top 25 throughout the season. Sign up . AP women’s college basketball: and Noah Trister, The Associated PressCanadian Tire Corp. Ltd. Cl A stock rises Thursday, outperforms marketNEW YORK , Dec. 10, 2024 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Celsius Holdings, Inc. (NASDAQ: CELH) between February 29, 2024 and September 4, 2024 , both dates inclusive (the "Class Period"), of the important January 21, 2025 lead plaintiff deadline. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
Frese pleased after No. 8 Maryland stays unbeaten in ‘phenomenal game’ against No. 19 Michigan State