Oppenheimer Reiterates Outperform on lululemon athletica (LULU) Following 2Q
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lululemon athletica inc. Announces Second Quarter Fiscal 2016 Results
September 1, 2016 4:06 PM EDTVANCOUVER, British Columbia--(BUSINESS WIRE)-- lululemon athletica inc. (NASDAQ: LULU) today announced financial results for the second quarter ended July 31, 2016.
For the second quarter ended July 31, 2016:
Net revenue increased by 14% to $514.5 million from $453.0 million in the second quarter of fiscal 2015, or increased by 15% on a constant dollar basis. Total comparable sales, which includes comparable store sales and direct to consumer, increased by 4%, or by 5% on a constant dollar basis. Comparable store sales increased by 3%, or by 4% on a constant dollar... More