By and  on March 27, 2014

Shares of Lululemon Athletica Inc. rose 6.1 percent Thursday following a fourth-quarter report that was better than analysts expected and the disclosure of an international infrastructure plan for overseas expansion.

For the three months ended Feb. 2, net income rose 0.3 percent to $109.7 million, or 75 cents a diluted share, from $109.4 million, or 75 cents, a year ago. The consensus estimate was 72 cents. Net revenue gained 7.3 percent to $521 million from $485.5 million. Analysts were expecting $515.1 million for the quarter. Comparable-store sales fell 2 percent in the period, but total comps including direct-to-consumer rose 4 percent.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus