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2021-06-04
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Lululemon first-quarter sales rise 88%, topping estimates, as store traffic rebounds
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Excluding <a href=\"https://laohu8.com/S/AONE\">one</a>-time charges, Lululemon earned $1.16 a share, better than the 91 cents per shares that analysts estimated.<img src=\"https://static.tigerbbs.com/97ea74dff7b224c85a3daaf62b95079e\" tg-width=\"749\" tg-height=\"742\" referrerpolicy=\"no-referrer\">Revenue rose to $1.23 billion from $652 million a year earlier,when its stores were temporarily shut. That came in ahead of expectations for $1.13 billion.</p><p>On a two-year basis, sales grew 57%. Lululemon also said its men’s business grew faster from 2019 levels than its women’s.</p><p>The Covid pandemic has fueled shopper demand for fitness gear to wear around the house and to dress for at-home workouts such as running and spin biking. The trend, which hasn’t appeared to slow down, has benefited companies including Lululemon,NikeandUnder Armour. It has also boosted more traditional retailers such asGap, which recently saidactivewear sales continue to drivesales at both its Athleta and Old Navy banners.</p><p>Lululemon’s direct-to-consumer revenue climbed 55% to $545.1 million year over year. Sales in North America were up 82% and increased 125% internationally.</p><p>CEO Calvin McDonald told analysts Thursday that Lululemon still expects its international business will grow in size to be equal to its North <a href=\"https://laohu8.com/S/AFG\">American</a> operations in the near future. At the end of 2020, international sales represented only 14% of Lululemon’s total business.</p><p>The company also owns the at-home fitness platform Mirror, a rival toPeloton. Lululemon expects Mirror to drive between $250 million and $275 million in revenue this year.</p><p>CFO Meghan Frank said momentum has remained strong in recent weeks. The company continues to invest in innovative merchandise to drum up excitement. It recently launched a line ofproducts that use lower-impact dyes, and it is piloting a trade-in and resale program.</p><p>For its fiscal second quarter, Lululemon expects adjusted earnings per share to be in a range of $1.10 to $1.15, on sales of $1.3 billion to $1.33 billion. Analysts had been looking for earnings of $1.01 per share on revenue of $1.20 billion, according to a Refinitiv survey.</p><p>For the year, it’s calling for adjusted earnings of $6.73 to $6.86 per share, on sales of $5.83 billion to $5.91 billion. Analysts expected it to earn $6.48 per share on sales of $5.68 billion.</p><p>Previously, Lululemon had been calling for fiscal 2021 revenue to be in a range of $5.55 billion to $5.65 billion.</p><p>“We were performing well before the pandemic, I think we led the peer group during the pandemic, and we’re excited about ... our ability to continue to perform post-pandemic,” McDonald said.</p><p>Lululemon shares are down about 9% year to date. It has a market cap of $41.4 billion.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lululemon first-quarter sales rise 88%, topping estimates, as store traffic rebounds</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLululemon first-quarter sales rise 88%, topping estimates, as store traffic rebounds\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-06-04 07:19</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>KEY POINTS</p><ul><li>Lululemon said fiscal first-quarter revenue soared 88%, topping analysts' estimates, as shopper traffic steadily rebounded to its stores.</li><li>The leggings maker also issued a strong forecast for its fiscal second quarter and for the full year, saying momentum for its brand is growing across all geographies.</li></ul><p>Lululemon Athleticasaid Thursday its fiscal first-quarter revenue soared 88%, topping analysts' estimates, as shopper traffic steadily rebounded to its stores.</p><p>The athletic apparel maker also issued a strong forecast for its fiscal second quarter and raised full-year estimates, saying momentum for its brand is growing across all geographies.</p><p>Its stock rose less than 1% on the news in extended trading.<img src=\"https://static.tigerbbs.com/62509e3df216bb0777d22952e50e84e2\" tg-width=\"688\" tg-height=\"526\" referrerpolicy=\"no-referrer\">Here's how Lululemon did for the period ended May 2, compared with what analysts were anticipating, based on a Refinitiv survey:</p><ul><li>Earnings per share: $1.16 adjusted vs. 91 cents expected</li><li>Revenue: $1.23 billion vs. $1.13 billion expected</li></ul><p>Net income grew to $145 million, or $1.11 per share, from $28.6 million, or 22 cents per share, a year earlier. Excluding <a href=\"https://laohu8.com/S/AONE\">one</a>-time charges, Lululemon earned $1.16 a share, better than the 91 cents per shares that analysts estimated.<img src=\"https://static.tigerbbs.com/97ea74dff7b224c85a3daaf62b95079e\" tg-width=\"749\" tg-height=\"742\" referrerpolicy=\"no-referrer\">Revenue rose to $1.23 billion from $652 million a year earlier,when its stores were temporarily shut. That came in ahead of expectations for $1.13 billion.</p><p>On a two-year basis, sales grew 57%. Lululemon also said its men’s business grew faster from 2019 levels than its women’s.</p><p>The Covid pandemic has fueled shopper demand for fitness gear to wear around the house and to dress for at-home workouts such as running and spin biking. The trend, which hasn’t appeared to slow down, has benefited companies including Lululemon,NikeandUnder Armour. It has also boosted more traditional retailers such asGap, which recently saidactivewear sales continue to drivesales at both its Athleta and Old Navy banners.</p><p>Lululemon’s direct-to-consumer revenue climbed 55% to $545.1 million year over year. Sales in North America were up 82% and increased 125% internationally.</p><p>CEO Calvin McDonald told analysts Thursday that Lululemon still expects its international business will grow in size to be equal to its North <a href=\"https://laohu8.com/S/AFG\">American</a> operations in the near future. At the end of 2020, international sales represented only 14% of Lululemon’s total business.</p><p>The company also owns the at-home fitness platform Mirror, a rival toPeloton. Lululemon expects Mirror to drive between $250 million and $275 million in revenue this year.</p><p>CFO Meghan Frank said momentum has remained strong in recent weeks. The company continues to invest in innovative merchandise to drum up excitement. It recently launched a line ofproducts that use lower-impact dyes, and it is piloting a trade-in and resale program.</p><p>For its fiscal second quarter, Lululemon expects adjusted earnings per share to be in a range of $1.10 to $1.15, on sales of $1.3 billion to $1.33 billion. Analysts had been looking for earnings of $1.01 per share on revenue of $1.20 billion, according to a Refinitiv survey.</p><p>For the year, it’s calling for adjusted earnings of $6.73 to $6.86 per share, on sales of $5.83 billion to $5.91 billion. Analysts expected it to earn $6.48 per share on sales of $5.68 billion.</p><p>Previously, Lululemon had been calling for fiscal 2021 revenue to be in a range of $5.55 billion to $5.65 billion.</p><p>“We were performing well before the pandemic, I think we led the peer group during the pandemic, and we’re excited about ... our ability to continue to perform post-pandemic,” McDonald said.</p><p>Lululemon shares are down about 9% year to date. It has a market cap of $41.4 billion.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LULU":"lululemon athletica"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131294990","content_text":"KEY POINTSLululemon said fiscal first-quarter revenue soared 88%, topping analysts' estimates, as shopper traffic steadily rebounded to its stores.The leggings maker also issued a strong forecast for its fiscal second quarter and for the full year, saying momentum for its brand is growing across all geographies.Lululemon Athleticasaid Thursday its fiscal first-quarter revenue soared 88%, topping analysts' estimates, as shopper traffic steadily rebounded to its stores.The athletic apparel maker also issued a strong forecast for its fiscal second quarter and raised full-year estimates, saying momentum for its brand is growing across all geographies.Its stock rose less than 1% on the news in extended trading.Here's how Lululemon did for the period ended May 2, compared with what analysts were anticipating, based on a Refinitiv survey:Earnings per share: $1.16 adjusted vs. 91 cents expectedRevenue: $1.23 billion vs. $1.13 billion expectedNet income grew to $145 million, or $1.11 per share, from $28.6 million, or 22 cents per share, a year earlier. Excluding one-time charges, Lululemon earned $1.16 a share, better than the 91 cents per shares that analysts estimated.Revenue rose to $1.23 billion from $652 million a year earlier,when its stores were temporarily shut. That came in ahead of expectations for $1.13 billion.On a two-year basis, sales grew 57%. Lululemon also said its men’s business grew faster from 2019 levels than its women’s.The Covid pandemic has fueled shopper demand for fitness gear to wear around the house and to dress for at-home workouts such as running and spin biking. The trend, which hasn’t appeared to slow down, has benefited companies including Lululemon,NikeandUnder Armour. It has also boosted more traditional retailers such asGap, which recently saidactivewear sales continue to drivesales at both its Athleta and Old Navy banners.Lululemon’s direct-to-consumer revenue climbed 55% to $545.1 million year over year. Sales in North America were up 82% and increased 125% internationally.CEO Calvin McDonald told analysts Thursday that Lululemon still expects its international business will grow in size to be equal to its North American operations in the near future. At the end of 2020, international sales represented only 14% of Lululemon’s total business.The company also owns the at-home fitness platform Mirror, a rival toPeloton. Lululemon expects Mirror to drive between $250 million and $275 million in revenue this year.CFO Meghan Frank said momentum has remained strong in recent weeks. The company continues to invest in innovative merchandise to drum up excitement. It recently launched a line ofproducts that use lower-impact dyes, and it is piloting a trade-in and resale program.For its fiscal second quarter, Lululemon expects adjusted earnings per share to be in a range of $1.10 to $1.15, on sales of $1.3 billion to $1.33 billion. Analysts had been looking for earnings of $1.01 per share on revenue of $1.20 billion, according to a Refinitiv survey.For the year, it’s calling for adjusted earnings of $6.73 to $6.86 per share, on sales of $5.83 billion to $5.91 billion. Analysts expected it to earn $6.48 per share on sales of $5.68 billion.Previously, Lululemon had been calling for fiscal 2021 revenue to be in a range of $5.55 billion to $5.65 billion.“We were performing well before the pandemic, I think we led the peer group during the pandemic, and we’re excited about ... our ability to continue to perform post-pandemic,” McDonald said.Lululemon shares are down about 9% year to date. It has a market cap of $41.4 billion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":44,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":11,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/116069849"}
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