LULU Posts Strong Q3 Numbers

Lululemon athletica (NASDAQ: LULU  ) reported third-quarter results yesterday, indicating significant growth in most of its major financial metrics. Net revenue for the quarter came in at $316.5 million, a 37% year-on-year increase.

Net profit saw a rise of 48% over the same period to $57 million, for a diluted EPS of $0.39. Analysts had been expecting $0.37 on revenues of $305 million.Same-store sales climbed 18% on a year-over-year basis, the company said.

The better-than-expected results were tempered by lululemon's updated guidance for the fourth quarter. In its statement, the company said it expects EPS of $0.71-$0.73 for the quarter on $475 million-$480 million in revenue. Analysts had anticipated slightly higher estimates of $0.75 and $490.5 million.

link


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2144434, ~/Articles/ArticleHandler.aspx, 10/1/2014 8:39:59 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement