Cowen Cuts Price Target on Lululemon Athletica (LULU) as Stock Reacts Negatively Following 2Q
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lululemon athletica inc. Announces Second Quarter Fiscal 2015 Results
September 10, 2015 5:30 AM EDTVANCOUVER, British Columbia--(BUSINESS WIRE)-- lululemon athletica inc. (NASDAQ: LULU) today announced financial results for the second quarter ended August 2, 2015.
For the second quarter ended August 2, 2015:
Net revenue for the quarter increased 16% to $453.0 million from $390.7 million in the second quarter of fiscal 2014. Total comparable sales, which includes comparable store sales and direct to consumer, increased by 11% for the second quarter on a constant dollar basis. Comparable store sales for the second quarter increased by 6% on a constant dollar basis and direct to consumer revenue... More