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Benzinga

Business

Nabaparna Bhattacharya

FOUND: Lululemon s strong earnings and share buyback push analysts to increase price forecast - What They Never Told You

Lululemon LULU United States Jim Duffy Brian Nagel Joseph Civello Robert Drbul Goldman Sachs Guggenheim KeyBanc Capital Markets

Lululemon Athletica Inc. (NASDAQ:LULU) shares are trading higher after the company reported better-than-expected third-quarter financial results and increased its share buyback program by $1 billion.

Throughout the third quarter, the company repurchased 1.6 million shares of its common stock for $408.5 million. Furthermore, it approved a $1.0 billion increase to its share repurchase program, bringing the total authorized repurchases to approximately $1.8 billion.

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