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Lululemon (NASDAQ: LULU) 2Q19 Results: Revenue and Comps Up in Strong Quarter; Men’s Outperforms Women’s

Executive Summary

  • Lululemon’s 2Q19 revenues grew 22.1% year over year to $833 million, beating the consensus estimate of $845.6 million. The company reported 2Q19 EPS of $0.96, up 35.2% from the year-ago period and ahead of the consensus estimate of $0.89.
  • For the second quarter, the company saw consolidated comparable sales growth of 17% on a constant-currency basis, compared to a 19% increase in the year-ago period and higher than the consensus estimate of 12.2%.
  • For the third quarter of fiscal 2019, management expects revenue to be in the range of $880-890 million versus the consensus estimate of $865.5 million; and, for EPS to be $0.90-0.92, in line with the consensus estimate of $0.90.

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