BofA/Merrill Lynch Upgrades Lululemon Athletica Inc. (LULU) to Neutral
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lululemon athletica inc. Announces Third Quarter Fiscal 2016 Results; Board of Directors Authorizes $100 Million Stock Repurchase Program
December 7, 2016 4:05 PM ESTVANCOUVER, British Columbia--(BUSINESS WIRE)-- lululemon athletica inc. (NASDAQ: LULU) today announced financial results for the third quarter ended October 30, 2016.
For the third quarter ended October 30, 2016:
Net revenue increased by 13% to $544.4 million from $479.7 million in the third quarter of fiscal 2015. Total comparable sales, which includes comparable store sales and direct to consumer, increased by 7%. Comparable store sales increased by 4%. Direct to consumer net revenue increased by 16% to $104.0 million. Gross profit increased by 24% to $278.4... More