Lululemon Athletica Inc. on Friday posted a second-quarter gain in profits of 76.1 percent on a revenue rise of 39.5 percent.
The yoga-inspired apparel firm said income attributed to the company was $38.4 million, or 26 cents a diluted share, for the three months ended July 31 from $21.8 million, or 15 cents, a year ago. Reported diluted EPS is on a post-split basis. Revenues were $212.3 million from $152.2 million, while comparable-store sales gained 20 percent on a constant dollar basis.
The company said direct-to-consumer sales increased 93 percent to $18.6 million, or 8.8 percent of total company revenues, for the quarter.
Christine Day, chief executive officer, said, “Our business remained very healthy through the second quarter, as strong sales productivity and operating margins grew pre-tax income by more than 60 percent.”
The company updated its outlook and now expects third-quarter diluted EPS between 22 cents and 24 cents on a revenue range of $225 million to $230 million.
For the full year, diluted EPS guidance is between $1.10 and $1.14, with revenues forecasted between $930 million to $950 million.