Lululemon's Sales Jump With Online Assist -- WSJ
September 06 2019 - 03:02AM
Dow Jones News
By Allison Prang
This article is being republished as part of our daily
reproduction of WSJ.com articles that also appeared in the U.S.
print edition of The Wall Street Journal (September 6, 2019).
Retailer Lululemon Athletica Inc. boosted estimates for revenue
and earnings for the fiscal year.
The company said it now expects between $3.8 billion and $3.84
billion in net revenue. It was expecting between $3.73 billion and
$3.77 billion. Analysts polled by FactSet are expecting $3.81
billion.
Lululemon expects earnings to be between $4.63 a share and $4.70
a share. It had forecast earnings of between $4.51 a share and
$4.58 a share. Analysts are expecting $4.64 a share.
The company expects comparable sales on a constant-dollar basis
to rise by the low teens, it said.
The retailer's second-quarter earnings were $125 million, up 31%
from the comparable quarter a year prior. Earnings were 96 cents a
share, up from 71 cents a share. Analysts polled by FactSet were
expecting 89 cents a share.
Net revenue was $883.4 million, up 22%. Analysts were expecting
$845.6 million. Comparable sales climbed 15%. Analysts polled by
Consensus Metrix were expecting them to rise 11.6%.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
September 06, 2019 02:47 ET (06:47 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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