The lulunatics reported net income of $124,990,000, up 31% from $95,770,000, for the quarter ended Aug. 4 as sales jumped 22% to $883,352,000 from $723,500,000 including a 15% comp store gain, or 17% constant currency. Brick-and-mortar comps were up an impressive 10% and DTC revenue rose 30% to $217.6 million against $167.4 million. The results handily exceeded forecasts and the stock popped almost $8 to $188 in late trading as it upped guidance for the year.

LULU now sees the FY coming in at $3.80-3.84 billion with a comp store increase in the low teens constant currency, with modest gross margin ... Log in to view full article.