LULU Posts Strong Q3 Numbers
Lululemon athletica reported third-quarter results yesterday, indicating significant growth in most of its major financial metrics. Net revenue for the quarter came in at $316.5 million, a 37% year-on-year increase.
Net profit saw a rise of 48% over the same period to $57 million, for a diluted EPS of $0.39. Analysts had been expecting $0.37 on revenues of $305 million.Same-store sales climbed 18% on a year-over-year basis, the company said.
The better-than-expected results were tempered by lululemon's updated guidance for the fourth quarter. In its statement, the company said it expects EPS of $0.71-$0.73 for the quarter on $475 million-$480 million in revenue. Analysts had anticipated slightly higher estimates of $0.75 and $490.5 million.
The article LULU Posts Strong Q3 Numbers originally appeared on Fool.com.Eric Volkman has no positions in lululemon. The Motley Fool has no positions in lululemon. Motley Fool newsletter services recommend Lululemon Athletica. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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