Lululemon Delivers Blockbuster Quarter, Ups Forecast As Hot Streak Continues

Lululemon is on a hot streak. The athleisure company reported another quarter of strong results on Thursday, plus raised its forecast for the year.

Revenue soared by 22% to $883 million during the second quarter, topping Wall Street analyst estimates of $846 million. This growth was driven by a 30% rise in online sales, plus a 10% jump in sales at its existing stores.

The company also upped its sales and profit outlook. It is now forecasting that it will haul in $3.8 billion to $3.84 billion in sales in 2019. That is up from a previous forecast of $3.73 billion to $3.77 billion in sales. Lululemon also said it sees full-year earnings of $4.63 to $4.70 per share, up from a previous projection of $4.51 to $4.58.

Read the Lululemon release;

Lululemon Athletica Inc. Announces Second Quarter Fiscal 2019 Results

2019-09-05T18:41:10-04:00 September 5th, 2019|