Lululemon Athletica Inc. on Friday posted second-quarter results that beat Wall Street’s estimates by 8 cents.
For the three months ended July 29, the company said net income attributable to Lululemon shareholders rose 49.1 percent to $57.2 million, or 39 cents a diluted share, from $38.4 million, or 26 cents, in the year-ago quarter. Wall Street’s consensus was 31 cents. Net revenues for the period rose 33.1 percent to $282.6 million from $212.3 million, while comparable-store sales rose 15 percent on a constant-dollar basis.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)