Lululemon shares ended trading at $126.76, a 1.25% increase from the prior close, marking one of the stronger daily gains in recent weeks.

Analysts project Q1 sales of $2.44 billion, up 3% year-over-year, with EPS guidance of $1.63 to $1.68 per share, both figures below consensus estimates.

Deep negative sentiment and downward estimate revisions underscore investor caution, suggesting that even a standard earnings beat may not be enough to drive shares higher at the report.