Edition:
India

Lululemon Athletica Inc Reports Q1 Results


Thursday, 13 Jun 2019 

June 12 (Reuters) - Lululemon Athletica Inc ::. ANNOUNCES FIRST QUARTER FISCAL 2019 RESULTS.Q1 EARNINGS PER SHARE $0.74.SEES FY 2019 REVENUE $3.73 BILLION TO $3.77 BILLION.SEES Q2 2019 REVENUE $825 MILLION TO $835 MILLION.Q1 REVENUE ROSE 20 PERCENT TO $782 MILLION.Q1 REVENUE ESTIMATE $586 MILLION -- REFINITIV IBES DATA.Q1 EARNINGS PER SHARE ESTIMATE $0.40 -- REFINITIV IBES DATA.SEES Q2 2019 EARNINGS PER SHARE $0.86 TO $0.88.SEES FY 2019 EARNINGS PER SHARE $4.51 TO $4.58.FOR Q2 FISCAL 2019, EXPECT TOTAL COMPARABLE SALES INCREASE IN LOW DOUBLE DIGITS ON A CONSTANT DOLLAR BASIS.BASED ON A SHIFTED CALENDAR, QTRLY TOTAL COMPARABLE SALES INCREASED 14%, OR UP 16% ON A CONSTANT DOLLAR BASIS.LULULEMON ATHLETICA - INVENTORIES AT END OF Q1 FISCAL 2019 INCREASED 19% TO $443.0 MILLION COMPARED TO $373.4 MILLION AT END OF Q1 FISCAL 2018.LULULEMON ATHLETICA - FOR FULL FISCAL 2019, NOW EXPECT TOTAL COMPARABLE SALES INCREASE IN LOW DOUBLE DIGITS ON A CONSTANT DOLLAR BASIS.