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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Lululemon athletica Inc.    LULU

LULULEMON ATHLETICA INC.

(LULU)
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lululemon athletica : Q2 profits slips but sales increase, driven by e-commerce surge

09/08/2020 | 05:34pm EST

VANCOUVERLululemon Athletica Inc. beat expectations as second-quarter profits slipped despite a two-per-cent increase in sales driven by a surge in online revenues.

The Vancouver-based athleisure retailer says it earned US$86.8 million or 66 cents per diluted share, down from US$125 million or 96 cents per share a year earlier.

Revenues for the period ended Aug. 2 were US$902.9 million, up from US$883.4 million in the prior year.

The company, which reports in U.S. dollars, was expected to earn 54 cents per share on $842.5 million, according to financial data firm Refinitiv.

Net revenue from company-operated stores plunged 51 per cent to $287.2 million while direct to consumer net revenue was $554.3 million, an increase of 155 per cent.

Lululemon has reopened 492 or its 506 company-operated stores, after temporarily closing stores in North America, Europe and some countries in Asia Pacific in its previous quarter because of the COVID-19 pandemic.

"As trends around the world are shifting to working and sweating from home with an increased focus on health and wellness, we believe 2020 is likely an inflection point for retail and for Lululemon," said CEO Calvin McDonald.

"We are cautiously optimistic with regard to the second half of the year as we continue to navigate the uncertain environment."

This report by The Canadian Press was first published Sept. 8, 2020.

© 2020 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials (USD)
Sales 2021 4 136 M - -
Net income 2021 540 M - -
Net cash 2021 881 M - -
P/E ratio 2021 84,2x
Yield 2021 -
Capitalization 45 418 M 45 418 M -
EV / Sales 2021 10,8x
EV / Sales 2022 8,44x
Nbr of Employees 19 000
Free-Float 88,1%
Chart LULULEMON ATHLETICA INC.
Duration : Period :
lululemon athletica Inc. Technical Analysis Chart | LULU | US5500211090 | MarketScreener
Technical analysis trends LULULEMON ATHLETICA INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 36
Average target price 368,63 $
Last Close Price 348,53 $
Spread / Highest target 29,1%
Spread / Average Target 5,77%
Spread / Lowest Target -58,4%
EPS Revisions
Managers
NameTitle
Calvin McDonald Chief Executive Officer & Director
Glenn K. Murphy Non-Executive Chairman
Tom Waller Chief Science Officer & SVP-Advanced Innovation
Julie Averill Chief Technology Officer
Martha A. M. Morfitt Independent Director
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