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.
Peter Kim's Los Angeles-based premium denim line has always had its finger on the pulse of youth. This season, novelty is back in a way reminiscent of early Aughts, with studs, lace-ups, racing waxed denim and more. For more highlights if some of the key brands at the Vegas trade shows, go to WWD.com. #wwdfashion (📷: Patrick Gray; Styled by @thealexbadia; Story by @karihamanaka and @marcy_wwd)
"I was driving back on Saturday afternoon from the beach, and I just saw this sign saying 'Skydiving for $95.' And I was like, I can't not sky dive for $95," says Tom Bateman about a moment in Hawaii while shooting "Snatched." #wwdeye (📷: @vsteves; Interview by @ktauer; Styled by @thealexbadia)