lululemon athletica (LULU) Reports Solid Q2 Results; Guides Q3, Raises FY11 Outlook

September 9, 2011 7:16 AM
lululemon athletica, Inc. (NASDAQ: LULU) reported Q2 adj-EPS of $0.24, $0.02 better than the analyst estimate of $0.22. Revenue for the quarter came in at $212.3 million versus the consensus estimate of $205.98 million.

Sees Q3 2011 EPS of $0.22-$0.24, versus the consensus of $0.24. Sees Q3 2011 revenue of $225-$230 million, versus the consensus of $229.40 million.

Raises its FY2011 EPS guidance from $1.05-$1.08 to $1.10-$1.14, versus the consensus of $1.11. Sales move from $915-$930 million to $930-$950 million, versus the consensus of $942.6 million.

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