lululemon athletica, inc. (LULU) Tops Q2 EPS by 4c; Guides In-Line
lululemon athletica, inc. (NASDAQ: LULU) reported Q2 EPS of $0.33, $0.04 better than the analyst estimate of $0.29. Revenue for the quarter rose 13% to $390.7 million versus the consensus estimate of $376.95 million. Comparable store sales for the second quarter decreased by 5% on a constant dollar basis and direct to consumer revenue increased 30% on a constant dollar basis.
lululemon athletica, inc. sees Q3 2014 EPS of $0.36-$0.38, versus the consensus of $0.38. lululemon athletica, inc. sees Q3 2014 revenue of $420-425 million, versus the consensus of $421.85 million.
lululemon athletica, inc. sees FY2014 EPS of $1.72-$1.77, versus the consensus of $1.74. lululemon athletica, inc. sees FY2014 revenue of $1.78-1.8 billion, versus the consensus of $1.78 billion.
Laurent Potdevin, lululemon’s CEO, stated: "We are pleased to be on track with the implementation of our strategic road map, and are starting to see the results of our work across product, brand and international expansion." Mr. Potdevin continued: “While there is still much to be done, we are making meaningful progress on building a scalable foundation for our next phase of global growth, and I'm excited about the collaboration between our Whitespace team and ambassadors to accelerate innovation into the future."
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