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Article Date: December 2018
Word Count: 654

Still No Ceiling for Lululemon as Sales, Net Soar Again

Net income leaped 60% to $94,413,000 from $58,944,000 for the quarter ended Oct. 28 with net revenue expanding 21% to $747,655,000 from $619,018,000 with comp store sales jumping 17%, including a 6% gain for the stores and a 44% hike in the digital business to $189.4 million, or 25.2% of total sales. The lulunatics modestly exceeded Wall Street forecasts, but a somewhat restrained forecast on Q4, despite a strong start over Thanksgiving, muted investor response as shares dipped 5% on the news. LULU guided to a top line of $1.115-1.125 billion in Q4 with EPS of $1.64-1.67 ($221.8 million). For ... Log in to view full article.


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