NEW YORK, NY / ACCESSWIRE / June 5, 2017 / Despite a big gain on Friday, Lululemon Athletica traders should be cautious as the company's earnings were not as good as meets the eye. The numbers were better than what the company expected, but the numbers were still a low forecast the company had previously made after its last quarterly report. Canada Goose had its first earnings report that thrilled the Street and showed how much the world is loving trendy expensive winter coats.

RDI Initiates Coverage on:

Lululemon Athletica Inc.
https://ub.rdinvesting.com/news/?ticker=LULU

Canada Goose Holdings Inc.
https://ub.rdinvesting.com/news/?ticker=GOOS

Canada Goose Holdings Inc. had an exciting day in the market on Friday as the maker of expensive and trendy winter jackets just released its very first quarterly report since going public. The Street was so impressed that shares closed up 15.66% and hit a new high of $21.78. In its fourth quarter report, Canada Goose reported an increase of 21.9% in its sales, hitting C$51.1 million. This was significantly ahead of the C$31.1 million that analysts had called for. An adjusted net loss of -C$0.15 was also better than the -C$0.20 a share the Street had projected. Canada Goose offers outerwear that are designed to withstand the most extreme conditions on earth. CEO Dani Reiss commented on the company's Q4 report and said it was "a strong finish to an excellent year of growth."

Access RDI's Canada Goose Research Report at:
https://ub.rdinvesting.com/news/?ticker=GOOS

Lululemon Athletica Inc. shares gained a lot of steam on Friday closing up the day 11.55%. The luxury athleisure company posted first quarter earnings that beat the Street's expectations. Adjusted earnings came in at 32 cents per share which beat the 28 cents that analysts on average had been waiting for. Total sales at $520.3 million was also above the $513 million that the Zacks Consensus Estimate expected. While the earnings looked impressive, the problem is that Lululemon had projected first quarter earnings on the lower side and these results only slightly beat that forecast. After its fourth quarter report, shares of Lululemon had fallen over 17% and prior to its Q1 release, shares were down roughly 25% YTD. Looking ahead the company's full year guidance is disappointing at a projection of $2.53 to $2.58 billion, and is also lower than the $2.55-$2.60 billion the company forecast previously. So while the stock saw some nice gains on Friday, will they last?

Access RDI's Lululemon Research Report at:
https://ub.rdinvesting.com/news/?ticker=LULU

Our Actionable Research on Lululemon Athletica Inc. (NASDAQ: LULU) and Canada Goose Holdings Inc. (NYSE: GOOS) can be downloaded free of charge at Research Driven Investing.

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