Lululemon (LULU) will report Q1 earnings this afternoon (16:05 last quarter) with a conference call to follow at 4:30 PM ET.

Current Cap IQ consensus estimates Q1 EPS of $0.44 (vs $0.32 in 1Q18) on revs of $616.7 mln (+19%) w/ comps up 12.3%


LULU has beat its Comps six straight quarters


The company guided for Q1 EPS of $0.44-0.46 and revs of $612-617 mln w/ low double-digit comps, ex-fx

Last quarter, the company beat Q4 estimates with comps +10%, and guided Q1 above consensus. LULU also guided for FY 19 EPS in-line and revs above consensus

This quarter will be the last quarter lapping easy compares so next quarter/Q2 guidance will be of upmost importance


LULU has a $14.3 bln market cap, LULU trades at 52x earnings estimates vs NKE (31x)