Free Research Report as Lululemon’s Revenues Surged 25%; EPS Rocketed 139%

Stock Monitor: Michael Kors Holdings Post Earnings Reporting

LONDON, UK / ACCESSWIRE / June 28, 2018 / If you want access to our free earnings report on Lululemon Athletica Inc. (NASDAQ: LULU) (“Lululemon”), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=LULU. The Company reported its first quarter fiscal 2018 operating and financial results on May 31, 2018. The athletic apparel Company outperformed top- and bottom-line expectations. Additionally, the Company provided its guidance for the upcoming quarter and fiscal year. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Michael Kors Holdings Limited (NYSE: KORS), which also belongs to the Consumer Goods sector as the Company Lululemon Athletica. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Lululemon Athletica most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=LULU

Earnings Highlights and Summary

For the first quarter ended April 29, 2018, Lululemon’s net revenues were $649.7 million, reflecting an increase of 25% compared to $520.3 million in Q1 2017. On a constant dollar basis, the Company’s net revenues increased 23%. Lululemon’s revenue numbers beat analysts’ estimates of $616.0 million.

For Q1 2018, Lululemon’s total comparable sales increased 20%, or increased 19% on a constant dollar basis. The Company’s comparable store sales increased 8%, or increased 6% on a constant dollar basis, in the reported quarter. During Q1 2018, Lululemon’s direct-to-consumer net revenues increased 62%, or increased 60% on a constant dollar basis.

For Q1 2018, Lululemon’s gross profit was $344.7 million, reflecting an increase of 34% compared to $256.9 million in Q1 2017. Lululemon’s gross margin was 53.1% in the reported quarter, reflecting a growth of 370 basis points (bps) compared to 49.4% in Q1 2017. The Company’s adjusted gross margin increased 270 bps in Q1 2018.

During Q1 2018, Lululemon’s income from operations was $104.3 million, representing a growth of 130% compared to $45.4 million in Q1 2017. The Company’s operating margin was 16.1%, reflecting an increase of 740 bps compared to 8.7% in the year earlier same quarter.

Lululemon’s income tax expenses were $32.1 million in Q1 2018 compared to $15.1 million in Q1 2017, and its effective tax rate was 29.9% in the reported quarter versus 32.6% in the year earlier comparable quarter.

Lululemon’s net income was $75.2 million, or $0.55 per diluted share, in Q1 2018 compared to $31.2 million, or $0.23 per diluted share, in Q1 2017. The Company’s earnings beat Wall Street’s estimates of $0.46 per share.

Cash Matters

Lululemon ended Q1 2018 with cash and cash equivalents of $966.6 million compared to $698.3 million at the end of Q1 2017. The Company’s inventories surged 23% to $373.4 million at the end of the reported quarter compared to $303.9 million at the end of the prior year’s corresponding quarter.

Lululemon ended Q1 2018 with 411 stores.

Updated Outlook

For the second quarter of the fiscal year 2018, Lululemon is forecasting net revenues to be in the range of $660 million to $665 million, based on a total comparable sales increase in the high-single digits on a constant dollar basis.

Lululemon’s earnings per diluted share is expected to be in the range of $0.46 to $0.48 for the upcoming quarter.

For the full fiscal year 2018, Lululemon is projecting net revenues to be in the band of $3.040 billion to $3.075 billion, based on a total comparable sales increase in the high-single digits on a constant dollar basis. The Company’s earnings per diluted share are estimated to be in the range of $3.10 to $3.18 for FY18.

Stock Performance Snapshot

June 27, 2018 – At Wednesday’s closing bell, Lululemon Athletica’s stock fell 2.30%, ending the trading session at $123.88.

Volume traded for the day: 1.50 million shares.

Stock performance in the last month – up 17.22%; previous three-month period – up 44.11%; past twelve-month period – up 125.07%; and year-to-date – up 57.63%

After yesterday’s close, Lululemon Athletica’s market cap was at $17.36 billion.

Price to Earnings (P/E) ratio was at 46.50.

The stock is part of the Consumer Goods sector, categorized under the Textile – Apparel Clothing industry.

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