Home / Knowledge / News / Apparel/Garments / lululemon Q1 net revenue increases 6%
lululemon Q1 net revenue increases 6%
Jun '09
Christine Day (CEO)
Christine Day (CEO)
lululemon athletica inc announced financial results for the thirteen weeks ended May 3, 2009.

For the thirteen weeks ended May 3, 2009:
• Net revenue increased 6% to $81.7 million from $77.0 million for the first quarter of fiscal 2008. Net revenue from corporate-owned stores was $72.9 million, an increase of 5% from $69.4 million for the first quarter of fiscal 2008, with comparable-store sales decline of 8% on a constant-dollar basis compared to the first quarter of 2008.
• Gross profit as a percentage of net revenue decreased to 42.8% from 53.4% of net revenue in the first quarter of fiscal 2008.
• Income from operations was $9.9 million, or 12.1% of net revenue, compared to $11.9 million, or 15.5% of net revenue, in the first quarter of fiscal 2008.
• Diluted earnings per share were $0.09 on net income of $6.5 million, compared to diluted earnings per share of $0.12 on net income of $8.5 million in the first quarter of fiscal 2008.

The Company ended the quarter with $59.3 million in cash and cash equivalents as compared to $56.8 million at the end of fiscal 2008. Inventory at the end of the quarter totaled $44.6 million as compared to $52.1 million at the end of fiscal 2008.

Christine Day, lululemon's CEO stated: "We continue to manage the long-term brand expansion while delivering against our short-term commitments. Given the troubled outlook for the economy in early 2009 when we began the quarter, we are pleased with the current pace of our business and our ability to continue to bring our customers through our doors to make full price purchases. We remain committed to the quality of our products and our ongoing innovation."

Updated Guidance
For the second quarter of fiscal 2009 we expect comparable-store sales decline in the middle-single digits on a constant-dollar basis compared to the second quarter of 2008. We anticipate reported net revenue to be in the range of $85 million to $90 million for the quarter, and earnings per share in the range of $0.08 to $0.09 for the quarter. This assumes a tax rate of 34% and 70.5 million diluted weighted average shares outstanding.

lululemon athletica inc

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kevin Nelson

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

Silke Brand-Kirsch
Schlegel und Partner

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

Yash P. Kotak
Bombay Hemp Company

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

Mike Hoffman
Gildan Activewear SRL

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

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search