Canaccord Genuity Cuts Price Target on lululemon athletica (LULU) to $54 Following 2Q15

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Go back to Canaccord Genuity Cuts Price Target on lululemon athletica (LULU) to $54 Following 2Q15

lululemon athletica inc. Announces Second Quarter Fiscal 2015 Results

September 10, 2015 5:30 AM EDT

VANCOUVER, 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