lululemon athletica (LULU) Tops Q3 EPS by 4c, Comps Increase 8%, Offers Q4 Guidance
lululemon athletica (NASDAQ: LULU) reported Q3 EPS of $0.56, $0.04 better than the analyst estimate of $0.52. Revenue for the quarter came in at $619 million versus the consensus estimate of $609.9 million.
Total comparable sales increased 8%, or increased 7% on a constant dollar basis.
GUIDANCE:
lululemon athletica sees Q4 2017 EPS of $1.19-$1.22 vs $1.17 consensus. lululemon athletica sees Q4 2017 revenue of $870-885 million vs $866.24 consensus.
Laurent Potdevin, CEO, lululemon, commented: "Our teams powerfully delivered robust results across both store and digital channels this quarter, driving a further acceleration in our business. The strength of our Q3 earnings supports our unique position as the global brand defining an active, mindful lifestyle."
Mr. Potdevin added: "As we start the holiday season, I'm energized by our momentum and we are increasing guidance to reflect this performance. I'm grateful for the enthusiasm I see every day across our collective as we remain on our path to delivering $4 billion in revenue in 2020."
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