Edition:
India

Lululemon Athletica Reports Q2 Earnings Per Share Of $0.66


Wednesday, 9 Sep 2020 

Sept 8 (Reuters) - Lululemon Athletica Inc ::. ANNOUNCES SECOND QUARTER FISCAL 2020 RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $0.74.Q2 EARNINGS PER SHARE $0.66.Q2 REVENUE $903 MILLION VERSUS REFINITIV IBES ESTIMATE OF $842.5 MILLION.Q2 EARNINGS PER SHARE ESTIMATE $0.55 -- REFINITIV IBES DATA.NOT PROVIDING DETAILED FINANCIAL GUIDANCE FOR FISCAL 2020 AT THIS TIME.CAUTIOUSLY OPTIMISTIC WITH REGARD TO SECOND HALF OF YEAR.LULULEMON ATHLETICA - BELIEVES TOTAL COMPARABLE SALES AND COMPARABLE STORE SALES ARE NOT CURRENTLY REPRESENTATIVE OF UNDERLYING TRENDS OF ITS BUSINESS.AS OF AUGUST 2, 2020, 492 OF ITS 506 COMPANY-OPERATED STORES WERE OPEN.INVENTORIES AT END OF Q2 ROSE 36% TO $672.8 MILLION VERSUS $494.3 MILLION AT END OF Q2 OF FISCAL 2019.