Emaillululemon athletics (LULU $91.05 +4.91) reported first quarter
earnings of $0.46 per share, $0.08 better than the Capital IQ Consensus Estimate
of $0.38.
Revenues rose 35.1% year/year to $186.8 million versus the $180.2 million
consensus; comps +16% in constant dollars.
Inventory at the end of the first quarter of fiscal 2011 totaled $64.4 million
compared to $50.8 million at the end of the first quarter of fiscal 2010.
For the second quarter, the company issued earnings guidance of $0.42 to $0.44
versus $0.39 Capital IQ Consensus Estimate, while revenues are expected to be
$200 million to $205 million versus the $196.71 million Capital IQ Consensus
Estimate; with comps increase in the mid-to-upper teens on a constant dollar
basis.
For fiscal year 2012, the company raised its earnings guidance to $2.10 to $2.16
versus the $2.08 Capital IQ Consensus Estimate, up from $1.90 to $2.00 and
raised revenue guidance to $915 million to $930 million versus the $924.48
million Capital IQ Consensus Estimate, up from $885 million to $900 million.
than one year.
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