Home / Knowledge / News / Apparel/Garments / Net income at Lululemon Athletica up marginally in Q2FY16
Net income at Lululemon Athletica up marginally in Q2FY16
14
Sep '15
For the second quarter ended August 2, 2015, net income at apparel retailer Lululemon Athletica went up marginally over the same period of previous fiscal.

Diluted earnings per share for the quarter were $0.34 on net income of $47.7 million, compared to diluted earnings per share of $0.33 on net income of $48.7 million in the second quarter of fiscal 2015.

For the three months to August 2, 2015, net revenue soared 16 per cent to $453.0 million from $390.7 million in the prior fiscal's second quarter.

Total comparable sales, which includes comparable store sales and direct to consumer, rose 11 per cent for the reporting quarter on a constant dollar basis

For the quarter under review, comparable store sales increased 6 per cent on a constant dollar basis and direct to consumer revenue drove up 35 per cent on a constant dollar basis.

It added that direct to consumer revenue surged 30 per cent year on year to $82.2 million or 18.2 per cent of total sales in the second quarter of fiscal 2016, up from 16.2 per cent of total revenues over the fiscal ago period.

Gross profit for the quarter increased by 7 per cent year over year to $212.0 million and as a percentage of net revenue gross profit was down to 46.8 per cent compared to 50.5 per cent.

“The effective tax rate for the second quarter of fiscal 2016 stood at 29.3 per cent as against 30.1 per cent in the earlier fiscal's second quarter,” the company informed.

During the reporting period, the company repurchased 1.0 million shares of the company's common stock at an average cost of $63.96 per share.

The company ended the quarter with $541.3 million in cash and cash equivalents compared to $725.1 million, while inventory totaled $280.6 million as against $180.5 million at the end of the second quarter of fiscal 2015.

For the third quarter of fiscal 2016, it expects net revenue to be in the range of $477 million to $482 million based on total comparable sales in the high single digits on a constant dollar basis.

Diluted earnings per share are projected to be in the range of $0.35 to $0.37 for the quarter and this guidance assumes 141.6 million diluted weighted-average shares outstanding and a 30.2 per cent tax rate.

For the full fiscal 2016, it now expects net revenue to be in the range of $2.025 billion to $2.055 billion based on total comparable sales in the high single digits on a constant dollar basis. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

Ethiopia’s Kombolcha Industrial Park attracts foreign firms

Apparel/Garments | On 15th Dec 2017

Ethiopia’s Kombolcha Industrial Park attracts foreign firms

Strategic location, modern factory facilities and proximity to the...

Courtesy: 2XU

Apparel/Garments | On 15th Dec 2017

L Catterton Asia announces JV of GXG and 2XU

L Catterton Asia, the Asian unit of the largest and most global...

15 trade associations urge nations to safeguard WTO system

Apparel/Garments | On 15th Dec 2017

15 trade associations urge nations to safeguard WTO system

Fifteen trade and industry associations from across the world have...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search