lululemon athletica (LULU) Misses Q1 EPS by 1c; Comps Rose 8%; FY16 Outlook Updated

lululemon athletica (NASDAQ: LULU) reported Q1 EPS of $0.30, $0.01 worse than the analyst estimate of $0.31. Revenue for the quarter came in at $495.5 million versus the consensus estimate of $487.72 million.

Key Metrics:

• Total comparable sales, which includes comparable store sales and direct to consumer, increased by 6%, or by 8% on a constant dollar basis.
• Comparable store sales increased by 3%, or by 5% on a constant dollar basis.
• Direct to consumer net revenue increased by 17% to $97.6 million, or by 18% on a constant dollar basis.

GUIDANCE:

lululemon athletica sees Q2 2016 EPS of $0.36-$0.38, versus the consensus of $0.39. lululemon athletica sees Q2 2016 revenue of $505-515 million, versus the consensus of $513.9 million.

lululemon athletica sees FY2016 EPS of $2.05-$2.15, versus the consensus of $2.16. lululemon athletica sees FY2016 revenue of $2.305-2.345 billion, versus the consensus of $2.34 billion.

For earnings history and earnings-related data on lululemon athletica (LULU) click here.

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