What to Expect From Lululemon Athletica’s Q4 Results Tomorrow?
<p>Deutsche Bank provided its outlook on <a href='https://financialmodelingprep.com/financial-summary/LULU'>Lululemon Athletica Inc. (NASDAQ:LULU)</a> ahead of the upcoming Q4/23 earnings report tomorrow.</p>
<p>The analysts expect the company to beat Q4 (modeling $4.28 EPS vs. the Street estimate of $4.25), particularly on the top-line as they anticipate gross profit margin to come in at the low end of the range provided at ICR given higher than usual levels of markdowns in stores and online throughout January. </p>
<p>The analysts highlighted that investor sentiment generally leans positive into the print, with the expectation that the company will guide 2023 to approximately $11.50 (vs. Street’s $11.27) and in line with its long-term algorithm. </p>
<p>The analysts are of the view that a better than anticipated top-line will likely be somewhat offset by softer gross margin guidance, particularly in the first half of the year.</p>

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