Home / Knowledge / News / Apparel/Garments / Net revenue rises 14% in Q3 FY15 at Lululemon
Net revenue rises 14% in Q3 FY15 at Lululemon
15
Dec '15
Lululemon Athletica Inc, a US based company providing yoga-inspired technical and functional garments, reported net revenue of $479.7 million in the third quarter of fiscal 2015, ending on November 1, which is a rise of 14 per cent as compared to $419.4 million in the corresponding quarter last fiscal, according to a press statement released by the company.

The company reported diluted EPS of $0.38 in the third quarter of fiscal 2015 as compared to $0.42 in the third quarter of fiscal 2014.

The gross profit reported for the third quarter of fiscal 2015 was $224.8 million, a rise of 7 per cent as compared to the third quarter of fiscal 2014.

Comparable store sales for the third quarter increased by 6 per cent on a constant dollar basis and direct to consumer revenue increased by 21 per cent on a constant dollar basis.

The company ended the third quarter of fiscal 2015 with $403.4 million in cash and cash equivalents as compared to $633.6 million at the end of the third quarter of fiscal 2014.

Commenting on the results, Laurent Potdevin, CEO of Lululemon said, “We had a solid quarter in line with our expectations, underscored by the combination of our product, guest and community initiatives along with tremendous guest reception to major store openings around the world.”

“We've implemented critical organisational changes this quarter, and now have in place a complete, world-class management team that is aligned with our strategic global priorities focused on design and dedicated to creating long-term value,” he added.

For the fourth quarter of fiscal 2015, the company expects net revenue to be in the range of $670 million to $685 million based on total comparable sales in the mid-single digits on a constant dollar basis.

For the full fiscal 2015, the company expects net revenue to be in the range of $2.025 billion to $2.040 billion based on total comparable sales in the high-single digits on a constant dollar basis. (MCJ)

Fibre2Fashion News Desk – India


Must ReadView All

Pic courtesy: Sutlej Textiles & Industries Ltd

Textiles | On 21st Jul 2017

Sutlej Textiles’ Q1 FY18 EBITDA expands to Rs 76.28 cr

Sutlej Textiles and Industries Ltd (STIL), one of India’s largest...

Textiles | On 21st Jul 2017

No shortage of cotton & yarn in country: Minister

There is no shortage of cotton and yarn in the country, and the...

Textiles | On 21st Jul 2017

CAI revises 2016-17 cotton crop to 337.25 lakh bales

Cotton Association of India (CAI) has upwardly revised cotton crop...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eamonn Tighe
Nature Works LLC

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

July 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

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

Yes No

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

Yes No

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


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



X