LULU - Lululemon Q1 Earnings: Revenue Beat EPS Beat Comps Up 6% Soft Q2 Guidance And More | Benzinga
Lululemon Athletica Inc (NASDAQ:LULU) reported first-quarter financial results Wednesday after the bell. Here’s a look at the key metrics from the quarter.
Q1 Earnings: Lululemon reported first-quarter revenue of $2.21 billion, beating the consensus estimate of $2.2 billion, according to Benzinga Pro. The athleisure company reported quarterly earnings of $2.54 per share, beating analyst estimates of $2.39 per share.
Total revenue was up 10% on a year-over-year basis and total comparable sales increased 6% year-over-year. Americas net revenue increased 3% year-over-year, while international revenue was up 35% year-over-year.
Lululemon’s total store count was 711 at quarter’s end. Inventories were down 15% year-over-year. The company ended the ...