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Article Date: December 2017
Word Count: 586

Solid Operating Results at Lululemon in Q3

While profit fell 14% to $58,944,000 from $68,285,000 because of the $21 million restructuring charge related to ivivva, the lulunatics enjoyed a 14% increase in revenue to $619,018,000 from $544,416,000 that was highlighted by an 8% increase in comp store sales with stores up 2% and digital rising 26% plus the addition of 26 new stores. Excluding ivivva, net income would have risen 10% to $75,316,000 from $68,285,000. The results exceeded guidance and LULU lifted its Q4 projections to reflect a solid start to the Holiday period, sending the stock up 6.4%. A new $200 million stock buyback plan didn’t ... Log in to view full article.


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