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Lululemon: Fiscal 2Q Earnings Snapshot

VANCOUVER, British Columbia (AP) _ Lululemon Athletica Inc. (LULU) on Thursday reported fiscal second-quarter profit of $125 million.

On a per-share basis, the Vancouver, British Columbia-based company said it had profit of 96 cents.

The results topped Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share.

The athletic apparel maker posted revenue of $883.4 million in the period, also beating Street forecasts. Twelve analysts surveyed by Zacks expected $844.3 million.

For the current quarter ending in November, Lululemon said it expects revenue in the range of $880 million to $890 million. Analysts surveyed by Zacks had expected revenue of $861.7 million.

The company expects full-year earnings to be $4.63 to $4.70 per share, with revenue ranging from $3.8 billion to $3.84 billion.

Lululemon shares have climbed 55% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $188.13, an increase of 23% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LULU at https://www.zacks.com/ap/LULU