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Lululemon Announces Third Quarter Earnings: Sales Increased By 10%

2014/12/31 23:23:00 73

LululemonEarnings Growth

Canadian Yoga wear chain brand

Lululemon Athletica

The third quarter earnings showed less than expected earnings, so that the annual sales forecast was cut, the profit in the third quarter dropped to $6 billion 50 million, and net sales increased by 10%.

During the period (2013), the surplus was $6610 million, or $0.45 per share, and the net surplus in the third quarter of this (2014) year ended November 2nd was US $60 million 500 thousand, or US $0.42 per share.

Prior to analysts, the average forecast was $0.38 per share.

Under the fixed dollar base, sales fell by 3%, net profit from 420 million yuan (2013) to 420 million, an increase of 10%.

Direct sales to consumers increased by 18.4%.

Laurent, executive director of Lululemon, said: "promoting our driving force for business development."

The key lies in - brand.

Customer experience and products, I am very pleased that the performance in the third quarter shows continuous progress.

"I believe that our strong team, coupled with investment strategies in core business areas, has had a positive impact and will further leave a strong trajectory in global economic growth."

As of today (2014), the profit forecast for February has been raised from US $$1.74-1.78 per share to US $$1.72-1.77 per share.

  

Profit and loss forecast

From the previous $17.8-$18 billion US dollars to 17.7-$17.8 billion.

The estimated impact is about $15 million, including the delays in the West Coast ports, the lower Canadian dollar exchange rate and the delay in opening new stores.


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