Vancouver Sun Article: Lululemon Profit Lifted By Robust Sales

TORONTO – Lululemon Athletica Inc. said on Friday its quarterly profit rose 76 per cent, on the back of strong online and in-store sales of its yoga wear.
Net income rose to $38.4 million, or 26 cents a share, in the Vancouver-based company’s fiscal second quarter ended July 31. That’s up from a year-earlier profit of $21.8 million, or 15 cents.
“Our business remained very healthy through the second quarter, as strong sales productivity and operating margins grew pre-tax income by more than 60 per cent,” said chief executive Christine Day in a statement.
Lululemon’s sales rose nearly 40 per cent to $212.3 million. Comparable store sales – for stores opened at least a year – rose 20 per cent.
The company also raised its outlook for the current fiscal year, after adjusting for a two-for-one stock split announced in March this year. It now expects earnings per share of $1.10 to $1.14 for the 12 months to the end of January. Before the split, it had forecast fiscal 2012 earnings of $2.10 to $2.16.

Read more: http://www.vancouversun.com/business/Lululemon+profit+lifted+robust+sales/5376741/story.html#ixzz1XTETIlzv

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2 Comments

  1. Anonymous
    September 9, 2011 / 8:03 pm

    And then they will again raise prices 'cause they we're addicted … I'm kind of in a love/hate relationship with lulu these days ! Quality is beginning to be an issue and so many items are now overpriced 🙁

  2. Anonymous
    September 12, 2011 / 6:55 pm

    The profits are only up because of the increased prices. Too many people are wearing the product now and it is overpriced for what it is. I have cut way back on my Lulu spending it is workout wear I do not need $1,000. worth of workout wear.

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