Fri. Jan 24th, 2020

lululemon athletica inc. (NASDAQ:LULU)

14 min read

lululemon Athletica inc. (NASDAQ: LULU) announced financial results for the 3rd-quarter of fiscal 2k19.

The summary below provides both GAAP and adjusted non-GAAP financial measures. The adjusted financial measures exclude the tax cost recognized throughout the 3rd-quarter of fiscal 2k18 related to the U.S. Tax Cuts and Jobs Act.

For the 3rd-quarter finished November 3, 2k19:

  • Net revenue was $916.10M, an incline of 23.00 percent compared to the 3rd-quarter of fiscal 2k18. On a constant dollar basis, net revenue inclined 23.00 percent.
  • Total comparable sales inclined 16.00 percent or inclined 17.00 percent on a constant dollar basis.
    – Comparable store sales inclined 10.00 percent or inclined 11.00 percent on a constant dollar basis.
    – Direct to consumer net revenue inclined 29.00 percent, or inclined 30.00 percent on a constant dollar basis.
  • Direct to consumer net revenue represented 26.90 percent of total net revenue compared to 25.30 percent for the 3rd-quarter of fiscal 2k18.
  • Gross profit was $505.00M, an incline of 24.00 percent compared to the 3rd-quarter of fiscal 2k18.
  • Gross margin was 55.10 percent, an incline of 70.0 basis points compared to the 3rd-quarter of fiscal 2k18.
  • Income from operations was $175.80M, an incline of 29.00 percent compared to the 3rd-quarter of fiscal 2k18.
  • The operating margin was 19.20 percent, an incline of 100.0 basis points compared to the 3rd-quarter of fiscal 2k18.
  • Income tax cost was $51.80M compared to $43.50M in the 3rd-quarter of fiscal 2k18 and the effective tax rate was 29.10 percent compared to 31.60 percent. The adjusted effective tax rate for the 3rd-quarter of fiscal 2k18 was 27.80 percent.
  • Diluted earnings for each share were $0.960 compared to $0.710 in the 3rd-quarter of fiscal 2k18. Adjusted diluted earnings for each share for the 3rd-quarter of fiscal 2k18 were $0.750.
  • The Company repurchased 44.50k shares of its own common stock at an average cost of $179.710 for each share.

The Company finished the 3rd-quarter of fiscal 2k19 with $586.20M in cash and cash equivalents compared to $703.60M at the end of the 3rd-quarter of fiscal 2k18. Inventories at the end of the 3rd-quarter of fiscal 2k19 inclined 26.00 percent to $627.10M compared to $496.00M at the end of the 3rd-quarter of fiscal 2k18. The Company finished the quarter with 479 stores.

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © All rights reserved.. | Newsphere by AF themes.