=lululemon athletica (LULU) reported earnings Wed 9 Dec 2015 (b/o)

** charts before earnings **




** charts after earnings **

lululemon athletica beats by $0.01, reports revs in-line; guides Q4 EPS below consensus, revs below consensus :

Reports Q3 (Oct) earnings of $0.38 per share, $0.01 better than the Capital IQ Consensus of $0.37; revenues rose 14.4% year/year to $479.69 mln vs the $482.27 mln Capital IQ Consensus.

• Total comparable sales, which includes comparable store sales and direct to consumer, increased by 9% ex-FX vs. high single digit guidance. Comparable store sales for the third quarter increased by 6% on a constant dollar basis and direct to consumer revenue increased 21% on a constant dollar basis.
• Co issues downside guidance for Q4, sees EPS of $0.75-0.78 vs. $0.85 Capital IQ Consensus Estimate; sees Q4 revs of $670-685 mln vs. $690.20 mln Capital IQ Consensus Estimate. The Q4 guidance is based on total comparable sales in the mid-single digits on a constant dollar basis.