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Lululemon Athletica revenue up 22% to $883 mn in Q2

07
Sep '19
Pic: Lululemon
Pic: Lululemon
Lululemon Athletica's net revenue increased by 22 per cent to $883.4 million in second quarter of 2019 ending August 4, as compared to the second quarter of fiscal 2018. On a constant dollar basis, net revenue increased 23 per cent. Gross profit increased by 23 per cent to $485.8 million in Q2 of fiscal 2019 as compared to the second quarter of fiscal 2018.

The total comparable sales increased 15 per cent. Comparable store sales increased 10 per cent, said the company in a press release.

Direct to consumer net revenue increased 30 per cent. Direct to consumer net revenue represented 24.6 per cent of total net revenue compared to 23.1 per cent for the second quarter of fiscal 2018.

"We're pleased with the ongoing strength across our business. We continue to make progress in delivering against our Power of Three growth pillars - product innovation, omni-guest experience, and market expansion. Our success demonstrates the significant runway in front of lululemon and I'm grateful to our teams for bringing our vision to life," said Calvin McDonald, chief executive officer.

For the third quarter of fiscal 2019, the company expects net revenue to be in the range of $880 million to $890 million based on a total comparable sales increase in the low teens on a constant dollar basis. Diluted earnings per share are expected to be in the range of $0.90 to $0.92 for the quarter.

For the full fiscal 2019, Lululemon expects net revenue to be in the range of $3.800 billion to $3.840 billion based on a total comparable sales increase in the low teens on a constant dollar basis. Diluted earnings per share are expected to be in the range of $4.63 to $4.70 for the full year. (PC)

Fibre2Fashion News Desk – India


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