Home / Knowledge / News / Apparel/Garments / Lululemon Athletica Q3FY15 revenue climbs in double digits
Lululemon Athletica Q3FY15 revenue climbs in double digits
16
Dec '14
Revenue at yoga inspired athletic apparel marketer, Lululemon Athletica Inc climbed in double digits, year on year for the third quarter ended November 2, 2014.

For the third quarter of 2014, net sales rose 10 per cent to $419.4 million from $379.9 million in the third quarter of 2013.

Comparable store sales for the third quarter however, declined 3 per cent on a constant dollar basis, while direct to consumer revenue surged 27 percent on a constant dollar basis.

Direct to consumer revenue grew to $77.2 million or 18.4 per cent of total revenues in the third quarter of 2014, an increase from 16.3 per cent of total revenues in the third quarter of 2013.

Gross profit for the reporting quarter expanded by 3 per cent to $211.1 million and as a percentage of revenue, gross profit eased to 50.3 per cent from 53.9 per cent in same quarter of last year.

Income from operations for the quarter under review slipped 12 per cent to $81.2 million, and as a percentage of net revenue was 19.4 per cent also down from 24.3 per cent from the prior year quarter.

The effective tax rate for the third quarter of 2014 was 27.1 per cent as against 29.5 per cent a year ago.

Diluted earnings per share for the reporting quarter were $0.42 on net income of $60.5 million, compared to $0.45 on net income of $66.1 million in corresponding quarter of 2013.

During the third quarter of fiscal 2014, the apparel marketer repurchased 1.8 million shares of its common stock at an average cost of $40.49 per share. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search