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Lululemon Athletica revenue grows 23% to $916 mn in Q3

16
Dec '19

Pic: Lululemon Athletica

Lululemon Athletica recorded net revenue of $916.1 million in third quarter of 2019, an increase of 23 per cent compared to the third quarter of fiscal 2018. On a constant dollar basis, net revenue increased 23 per cent. For the reported period, the company's total comparable sales climbed 16 per cent or increased 17 per cent on a constant dollar basis.

Gross profit was $505 million in Q3 2019, an increase of 24 per cent compared to the third quarter of fiscal 2018. Income from operations was $175.8 million, an increase of 29 per cent compared to the third quarter of fiscal 2018.

"We're proud of the continued momentum in our business as we live into our vision to be an experiential brand. We are successfully executing on our power of three growth plan as we create authentic connections with new and existing guests around the world. I'd like to thank our amazing teams for achieving this strong level of performance," said Calvin McDonald, chief executive officer, Lululemon Athletica.

For the fourth quarter of fiscal 2019, the company expects net revenue to be in the range of $1.315 billion to $1.330 billion based on a total comparable sales increase in the low double digits on a constant dollar basis. Diluted earnings per share are expected to be in the range of $2.10 to $2.13 for the quarter.

For the full fiscal 2019, the company now expects net revenue to be in the range of $3.895 billion to $3.910 billion based on a total comparable sales increase in the mid-teens on a constant dollar basis. Diluted earnings per share are expected to be in the range of $4.75 to $4.78 for the full year.

Lululemon Athletica is a healthy lifestyle inspired athletic apparel company for yoga, running, training, and most other sweaty pursuits, creating transformational products and experiences which enable people to live a life they love.

Fibre2Fashion News Desk (PC)

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