UPDATE: lululemon athletica (LULU) Sees Q4 Revenue at High End of Range, Lifts EPS Target
Tweet
Share
E-mailGet Alerts LULU Hot Sheet
Price: $115.69 -3.15%
EPS Growth %: -41.3%
Financial Fact:
Other income (expense), net: 628K
Today's EPS Names:
EDXC, BICX, FBPI, More
EPS Growth %: -41.3%
Financial Fact:
Other income (expense), net: 628K
Today's EPS Names:
EDXC, BICX, FBPI, More
Join SI Premium – FREE
(Updated - January 14, 2013 4:05 PM EST)
lululemon athletica, Inc. (NASDAQ: LULU) sees Q4 revenue at high end of range.
For the fourth quarter, the Company now anticipates that net revenue will be at the high end of its original guidance range of $475 million to $480 million based on a comparable-store sales percentage increase in the high single digits on a constant-dollar basis. The Wall Street consensus is $489 million.
The Company also now expects diluted earnings per share will be $0.74 for the quarter. The previous guidance for the fourth quarter was a range of 0.71 to $0.73. The Wall Street consensus is $0.74.
Christine Day, lululemon’s CEO stated: “Our store managers, key leaders and educators stepped up and did a fantastic job this year as the calendar compressed holiday shopping patterns into a couple of key weeks. We are also pleased that our gross margin is running slightly ahead of plan, and that we are entering 2013 in a clean inventory position. Along with our new back to gym product, we are beginning to flow a beautiful new spring assortment into our stores this week and look forward to introducing new innovation and function to our guests in 2013.”
lululemon athletica, Inc. (NASDAQ: LULU) sees Q4 revenue at high end of range.
For the fourth quarter, the Company now anticipates that net revenue will be at the high end of its original guidance range of $475 million to $480 million based on a comparable-store sales percentage increase in the high single digits on a constant-dollar basis. The Wall Street consensus is $489 million.
The Company also now expects diluted earnings per share will be $0.74 for the quarter. The previous guidance for the fourth quarter was a range of 0.71 to $0.73. The Wall Street consensus is $0.74.
Christine Day, lululemon’s CEO stated: “Our store managers, key leaders and educators stepped up and did a fantastic job this year as the calendar compressed holiday shopping patterns into a couple of key weeks. We are also pleased that our gross margin is running slightly ahead of plan, and that we are entering 2013 in a clean inventory position. Along with our new back to gym product, we are beginning to flow a beautiful new spring assortment into our stores this week and look forward to introducing new innovation and function to our guests in 2013.”
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Etsy upgraded to buy at BofA on durable growth, buyback potential
- Holcim to acquire Fermacell from James Hardie for EUR 840M
- Jefferies Downgrades Pop Mart International Group Ltd (9992:HK) to Hold
Create E-mail Alert Related Categories
Guidance, Hot GuidanceRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
