lululemon athletica (LULU) Tops Q2 EPS by 22c, Revenues Beat; FY EPS/Revenue Outlook Above Consensus
lululemon athletica (NASDAQ: LULU) reported Q2 EPS of $0.71, $0.22 better than the analyst estimate of $0.49. Revenue for the quarter came in at $723.5 million versus the consensus estimate of $667.94 million.
Stuart Haselden, Chief Operating Officer, commented: "We’re pleased to see the great results of Q2 across all parts of our business now extending into the current quarter. This ongoing success positions us to achieve our 2020 goals and beyond. Above all, we want to thank our educators and teams around the world who make this possible."
Calvin McDonald, Chief Executive Officer, also noted: "I’m excited to work with the leadership team to build upon this considerable success. We have an incredible growth trajectory in front of us, given the strength of the brand and our people."
GUIDANCE:
lululemon athletica sees FY2018 EPS of $3.45-$3.53, versus the consensus of $3.25. lululemon athletica sees FY2018 revenue of $3.185-3.235 billion, versus the consensus of $3.09 billion.
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