lululemon athletica (LULU) Misses Q1 EPS by 1c; Comps Rose 8%; FY16 Outlook Updated
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lululemon athletica inc. Announces First Quarter Fiscal 2016 Results
June 8, 2016 6:00 AM EDTVANCOUVER, British Columbia--(BUSINESS WIRE)-- lululemon athletica inc. (NASDAQ: LULU) today announced financial results for the first quarter ended May 1, 2016.
For the first quarter ended May 1, 2016:
Net revenue increased by 17% to $495.5 million from $423.5 million in the first quarter of fiscal 2015, or increased by 19% on a constant dollar basis. Total comparable sales, which includes comparable store sales and direct to consumer, increased by 6%, or by 8% on a constant dollar basis. Comparable store sales increased by 3%, or by 5% on a constant dollar basis.... More