Cowen Lowers Price Target on lululemon (LULU) to $52 on Weak Print, But Still Reasons to Remain Bullish

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Go back to Cowen Lowers Price Target on lululemon (LULU) to $52 on Weak Print, But Still Reasons to Remain Bullish

lululemon athletica inc. Announces Third Quarter Fiscal 2015 Results

December 9, 2015 5:30 AM EST

VANCOUVER, British Columbia--(BUSINESS WIRE)-- lululemon athletica inc. (NASDAQ: LULU) today announced financial results for the third quarter ended November 1, 2015.

For the third quarter ended November 1, 2015:

Net revenue for the quarter increased 14% to $479.7 million from $419.4 million in the third quarter of fiscal 2014. Total comparable sales, which includes comparable store sales and direct to consumer, increased by 9% for the third quarter on a constant dollar basis. Comparable store sales for the third quarter increased by 6% on a constant dollar basis and direct to consumer revenue... More