Will Lululemon Stock Trade Higher Post Q2?

[Note: Lululemon’s FY’22 ended on January 29, 2023]

Lululemon (NASDAQ: LULU), a company designing and selling athletic and casual apparel, is scheduled to report its fiscal second-quarter results on Thursday, August 31. We expect LULU stock to likely trade higher due to revenues and earnings beating market expectations marginally. Retail stocks have continued to come under pressure as economic headwinds coupled with inflation have intensified. Despite the current macro headwinds, Lululemon was able to deliver robust quarterly earnings in Q1 2023. We expect a similar momentum in the second quarter results as well.