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Article Date: May 2018
Word Count: 617

Lululemon Has Another Big Quarter, Raises Guidance to Top $3 Billion


The lulunatics saw net income leap 140% to $75,153,000 from $31,246,000 for the quarter ended Apr. 29 as revenues jumped 25% to $649,706,000 from $520,307,000 with a comp store gain overall of 20% that included an 8% boost in brick-and-mortar sales and an impressive 62% improvement in e-commerce sales from the re-launched site. Last year’s results included $5.4 million in ivivva restructuring costs. The consensus estimate was for sales of $616 million and EPS of $0.46 ($62.5 million) and the stock rose 7% in late trading as LULU lifted guidance for the year to sales of $3.040-3.075 billion and EPS ... Log in to view full article.

 


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