Lululemon 1Q Net Triples; Boosts Outlook For Year |
| Wall Street Journal - Jun 10, 2010 |
Lululemon Athletica Inc.'s (LULU) first-quarter earnings tripled from a year earlier and came in well ahead of both company and analyst projections, leading to a stronger outlook for its current fiscal year.
The Vancouver company provided guidance for the second quarter for revenue of $140-$145 million and earnings of 21-23 cents a share. The mean estimate by analysts polled by Thomson Reuters is for second-quarter earnings of 21 cents a share on revenue of $133 million.
The retailer of yoga wear and other athletic apparel earned $19.6 million or 27 cents a share in the first quarter, up from $6.5 million or 9 cents a year earlier. Revenue jumped to $138.3 million from $81.7 million.
The Thomson Reuters mean estimate had been for a profit of 21 cents a share on revenue of $128 million. The company itself had projected earnings of 18-20 cents a share on revenue of $125-$130 million.
Read Full Article from Wall Street Journal
- Posted: 2010-06-10 11:36:51
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