lululemon athletica inc. Announces Second Quarter Fiscal 2020 Results
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September 9, 2020 6:58 AM EDT
BMO Capital analyst Simeon Siegel raised the price target on Lululemon Athletica Inc. (NASDAQ: LULU) to $228.00 (from $192.00) while maintaining a Market Perform rating following the company's 2Q report. Siegel continues to believe the brand is among the strongest brands in retail, however as revenues... More
September 8, 2020 4:07 PM EDT
lululemon athletica (NASDAQ: LULU) reported Q2 EPS of $0.74, $0.19 better than the analyst estimate of $0.55. Revenue for the quarter came in at $902.9 million versus the consensus estimate of $842.49 million.
For the second quarter ended August 2, 2020:
Net revenue was $902.9 million, an increase of 2% compared to the second quarter of fiscal 2019. On a constant dollar basis, net revenue increased 3%.Company-operated stores net revenue was $287.2 million, a decrease of 51% compared to the second quarter of fiscal 2019.Direct to consumer net revenue was $554.3 million, an increase of 155% compared to...
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