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Lululemon Athletica Inc (NASDAQ: LULU) shares traded higher by 3.2% on Friday after the company reported an aggressive rebound in sales and store traffic in the first quarter.
Lululemon reported first-quarter adjusted EPS of $1.16 on revenue of $1.23 billion. Both numbers topped consensus analyst estimates of 91 cents and $1.13 billion, respectively. Revenue was up 88% from a year ago.
Lululemon’s sales were up 57% compared to the same quarter in 2019, before last year’s COVID-19 pandemic.
Direct-to-consumer sales were up 55% to $545.1 million. North American sales were up 82%, while international sales jumped 125%.
Looking ahead, Lululemon guided for full-year adjusted EPS of between $6.73 and $6.86 and revenue of between $5.83 and $5.91.
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Vilmaris Conigliaro is one of the administrators for the New Tampa/Tampa Palms Buy Nothing group. She got this coffee machine for free through the group, which is part of the larger Buy Nothing Project, which aims to create local groups where neighbors can give away or search for items for free.
Facebook groups across Tampa Bay are dedicated to getting rid of unwanted items or finding items at no cost. They have created connections during a time of isolation.
Kimberley Asante has always been a giver.
So when she learned about the Buy Nothing Project, she quickly joined her local group and began donating items.
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