lululemon athletica (LULU) reported earnings Thur 1 Sept 2016 (a/h)

** charts before earnings **

 

** chart after earnings **

lululemon athletica reports EPS in-line, revs in-line; guides OctQ EPS in-line, revs in-line; guides FY17 EPS in-line, revs in-line, total comps +4% or +5% on constant dollar basis :

• Reports Q2 (Jul) earnings of $0.38 per share, excluding non-recurring items, in-line with the Capital IQ Consensus of $0.38; revenues rose 13.6% year/year to $514.52 mln vs the $515.78 mln Capital IQ Consensus.
• Co issues in-line guidance for Q3 (Oct), sees EPS of $0.42-0.44 vs. $0.44 Capital IQ Consensus Estimate; sees Q3 revs of $535-545 mln vs. $542.52 mln Capital IQ Consensus Estimate. Guidance is based on total comparable sales in the mid-single digits on a constant dollar basis.
• Co issues in-line guidance for FY17, sees EPS of $2.07-2.15, excluding non-recurring items, vs. $2.14 Capital IQ Consensus Estimate; sees FY17 revs of $2.325-2.350 bln vs. $2.347 bln Capital IQ Consensus Estimate. Guidance is based on total comparable sales in the mid-single digits on a constant dollar basis.
• Total comparable sales, which includes comparable store sales and direct to consumer, increased by +4%, or by +5% on a constant dollar basis. This compares to prior guidance of total comparable sales up in the mid-single digits on a constant dollar basis.
• Comparable store sales (excluding direct to consumer) increased by +3%, or by +4% on a constant dollar basis.