lululemon athletica, inc. (LULU) Tops Q2 EPS by 4c; Lowers FY13 Outlook
Comparable stores sales for the second quarter increased by 8% on a constant dollar basis.
Direct to consumer revenue increased 39% to $49.4 million, or 14.3% of total Company revenues, in the second quarter of fiscal 2013, an increase from 12.5% of total Company revenues in the second quarter of fiscal 2012.
The company sees Q313 EPS of $0.39-$0.41, versus the consensus of $0.44. Also sees Q313 revenue of $370-375 million, versus the consensus of $389.4 million.
lululemon expects FY13 EPS of $1.94-$1.97, versus prior guidance of $1.96-$2.01 and the consensus of $1.99. The company sees FY13 revenue of $1.625-1.635 billion, versus prior guidance of $1.645-1.665 billion and the consensus of $1.67 billion.
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