Saturday, December 15, 2018


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A customer looks at sports bras inside a Lululemon Athletica store.

Xaume Olleros | Bloomberg | Getty Images
A customer looks at sports bras inside a Lululemon Athletica store.

Lululemon on Thursday reported quarterly earnings and revenue that beat analysts’ estimates, but its outlook for the fourth quarter was slightly weaker than expected.

  • Earnings per share: 75 cents, adjusted, vs. 70 cents expected
  • Revenue: $748 million vs. $737.5 million expected
  • Same-store sales: 18 percent increase vs. 13.8 percent expected

Lululemon fiscal third-quarter net income rose to $94.4 million, or 71 cents per share, from $58.9 million, or 43 cents per share, a year earlier.

Excluding items, the company earned 75 cents per share, higher than the 70 cents per share expected by analysts surveyed by Refinitiv.

Net sales rose 21 percent from fiscal year 2017 to $748 million, beating expectations of $737.5 million.

The company’s same-store sales increased 18 percent, outpacing Wall Street estimates of 13.8 percent.

The athleisure retailer moved its quarterly release date from Wednesday to Thursday because U.S. financial markets were closed to observe a day of mourning for President George Herbert Walker Bush.

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