Lululemon Raises Annual Target Performance

Laurent Potdevin is committed to fashion Lululemon brand products to compete with the increasingly fierce competition in the sports and leisure apparel industry. He also actively promotes the international expansion of the brand and extends to the men's wear field.

Lululemon Athletica Inc. (NASDAQ:LULU), a North American yoghurt manufacturer, has strong sales performance in the first quarter, exceeding its market expectations and announcing its annual revenue increase. Profit target Stimulating shares opened 6.7% higher on Tuesday.

Lululemon Athletica Inc. raised its annual net income forecast for fiscal year 2015 from the original 19.7-20.2 billion to 20.0-20.5 billion, and the market expected US $2 billion 20 million. Earnings per share also slightly increased by US $0.01 to US $1.93, but still not as high as $1.93 expected by the market.

In the first quarter of May 3rd, the group as a whole Same store sales A 6% increase was recorded at a constant exchange rate, a rise of only 1% in the same period last year, pushing net income up 10.1% to 423 million 500 thousand dollars a year, better than the market forecast of $418 million 900 thousand, compared with $384 million 600 thousand a year ago. However, we should be vigilant that the overall sales increase of the same store is directly contributed to the 31% growth of the consumer channel, and the same store sales are constant. exchange rate The same ratio dropped by 1%.

Net profit amounted to US $47 million 800 thousand, which was 2.5 times the US $18 million 981 thousand in the same period last year. The diluted earnings per share rose from US $0.13 to US $0.34, slightly better than the expected US $0.33, thanks mainly to the significant reduction in the effective tax rate by 43.1 percentage points to 30.3%. Operating profit decreased by 2.5% to US $68 million 36 thousand per annualized year, and operating profit margin decreased by 190 basis points to 16.1% compared with 18.2% in the same period last year. Gross profit margin was 48.6%, a 230 basis point reduction over 50.9% in the same period last year.

The Group expects net income in the two quarter to reach 4.40-4.45 billion, and earnings per share will be between 0.31-0.33 US dollars and 0.34 US dollars.

At the time of the deadline (9:50 a.m. New York time), Lululemon Athletica Inc. (NASDAQ:LULU) was quoted at $66.15, an increase of 7.53% to 17.9% in 2015.