(Vancouver) Lululemon Athletica saw revenue grow 29% in the second quarter, compared to the same period last year, as sales increased across all businesses, including for its e-commerce segment and for that of the international.
Posted at 5:18 p.m.
The Vancouver-based exercise apparel maker and retailer said on Thursday its sales reached $1.9 billion in the quarter ended July 31, compared with $1.45 billion in the same period last year. last year. Its sales rose 28% in North America and 35% internationally.
Lululemon posted a net profit of US$289.5 million, or US$2.26 per share, up 39% from US$208.1 million, or US$1.59 per share, for the second quarter a year earlier.
Analysts had expected earnings per share of US$1.87 and revenue of US$1.77 billion, according to forecasts compiled by financial data firm Refinitiv.
Total comparable sales increased 23%, with in-store sales up 16% and direct-to-consumer sales up 30%.
Lululemon said it opened 21 new company-operated stores in the second quarter, by the end of which it had 600.