=lululemon athletica (LULU) reported earnings on Thur 31 May 2018 (a/h)

lululemon athletica beats by $0.09, beats on revs; guides Q2 EPS above consensus, revs above consensus; raises FY19 EPS above consensus, raises revs above consensus 

• Reports Q1 (Apr) earnings of $0.55 per share, $0.09 better than the Capital IQ Consensus of $0.46; revenues rose 24.9% year/year to $649.7 mln vs the $616.69 mln Capital IQ Consensus
  • Comparable sales increase 20%, or 19% on a constant dollar basis
• Co issues upside guidance for Q2, sees EPS of $0.46-0.48 vs. $0.44 Capital IQ Consensus Estimate; sees Q2 revs of $660-665 mln vs. $645.22 mln Capital IQ Consensus Estimate; Q2 sales forecast based on a total comparable sales increase in the high single digits on a constant dollar basis
• Co raises guidance for FY19, sees EPS of $3.10-3.18 vs. $3.09 Capital IQ Consensus Estimate; sees FY19 revs of $3.04-3.08 bln vs. $3.03 bln Capital IQ Consensus Estimate; FY19 sales forecast based on a total comparable sales increase in the high single digits on a constant dollar basis