Lululemon's Sales Jump With Online Assist -- WSJ

By Allison Prang 

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (September 6, 2019).

Retailer Lululemon Athletica Inc. boosted estimates for revenue and earnings for the fiscal year.

The company said it now expects between $3.8 billion and $3.84 billion in net revenue. It was expecting between $3.73 billion and $3.77 billion. Analysts polled by FactSet are expecting $3.81 billion.

Lululemon expects earnings to be between $4.63 a share and $4.70 a share. It had forecast earnings of between $4.51 a share and $4.58 a share. Analysts are expecting $4.64 a share.

The company expects comparable sales on a constant-dollar basis to rise by the low teens, it said.

The retailer's second-quarter earnings were $125 million, up 31% from the comparable quarter a year prior. Earnings were 96 cents a share, up from 71 cents a share. Analysts polled by FactSet were expecting 89 cents a share.

Net revenue was $883.4 million, up 22%. Analysts were expecting $845.6 million. Comparable sales climbed 15%. Analysts polled by Consensus Metrix were expecting them to rise 11.6%.

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(END) Dow Jones Newswires

September 06, 2019 02:47 ET (06:47 GMT)

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