Lululemon Athletica, Inc. (NASDAQ:LULU) shares are trading lower Wednesday ahead of the company’s earnings release after the market close. Here’s what you need to know.

The Details: Lululemon is anticipated to release financial results for the 2024 fiscal-year first quarter after the bell. Analysts expect EPS to come in at $2.39 and revenue to reach $2.2 billion per data from Benzinga Pro.

Last quarter, Lululemon beat analyst expectations for both adjusted EPS and revenue. The company reported adjusted EPS at $5.29 beating analyst expectations of $5.0 and revenue at $3.20 billion coming in ahead of analyst expectations of $3.19 billion.

See Also: TJX And Ross Stores Prove Off-Price Retailers’ Ability To Profit Even During Challenging Economic Times

How To Buy Lululemon Athletica Stock

By now you're likely curious about how to participate in the market for Lululemon Athletica – be it to purchase shares, or even attempt to bet against the company.

In the the case of Lululemon Athletica, which is trading at $301.36 as of publishing time, $100 would buy you 0.33 shares of stock.

LULU Price Action: Lululemon stock is trading 1.46% lower at $302.31 as of Wednesday morning, according to data from Benzinga Pro.

Image: Pedro Alvarez from Pixabay