=lululemon athletica (LULU) reported earnings on Thur 30 August 2018 (a/h)

lululemon athletica beats by $0.22, beats on revs; guides Q3 EPS above consensus, revs above consensus; raises FY19 EPS outlook above consensus, revs above consensus 

• Reports Q2 (Jul) earnings of $0.71 per share, $0.22 better than the S&P Capital IQ Consensus of $0.49; revenues rose 24.5% year/year to $723.5 mln vs the $667.83 mln S&P Capital IQ Consensus. Comps 20% vs 9.6% estimate
  • Comparable store sales increased 10%, or increased 10% on a constant dollar basis. Direct to consumer net revenue increased 48%, or increased 47% on a constant dollar basis.
  • Gross margin was 54.8%, an increase of 360 basis points compared to the second quarter of fiscal 2017.
• Co issues upside guidance for Q3, sees EPS of $0.65-0.67 vs. $0.63 S&P Capital IQ Consensus; sees Q3 revs of $720-730 mln vs. $707.41 mln S&P Capital IQ Consensus.
• Co issues upside guidance for FY19, sees EPS of $3.45-3.53 vs. $3.24 S&P Capital IQ Consensus; sees FY19 revs of $3.185-3.235 bln vs. $3.09 bln S&P Capital IQ Consensus.