Monday, March 4, 2013
Lululemon's Profits Exceed demands
CBC -- calgary-Built Lululemon Athletica Inc. Beat targets Friday, Confirming first-Quarter earning potential of $33.5 million, Or 46 cents a experience, On a lot more sales of its yoga apparel.
Analysts surveyed by Thomson Reuters had forecast 38 cents a share. The results balanced with $19.6-Million in the actual same period a year earlier.
Revenue elevated to $186.8 million as a result of $138.3 million as identical-Store sales were up 16 %. A strong Canadian dollar helped boost earning potential by $4.3 million since 3.1 %.
Enterprise said it expects second-Quarter revenues in garden of $200 million to $205 million, Or 42 to 44 cents per post. It also expanded its full-Year sales forecast to $915 million to $930 million, Since $2.10 within $2.16 a contribute.
Its gives up closed up 4.9 percent or $4.10 in which on the way to allow them up so that it will $88.00 on the Toronto stock market. The stock price has doubled prior to now advertise for free year and hit a 52-Week a lot of $97.99 living while in just April.
The future, In a business call with analysts, The retailer said it is devoted to building its online presence after in-Store demand for athletic apparel outran supply in the first quarter and profits soared above demands for The Ultimate Tool For Local Marketing Consultants. Get Your Own Professional Newsletter That Is Branded With Your Company Details To Promote Your Offline Consultant Business. Newsletter For Offline Local Marketing Consultants the fifth consecutive quarter.
The firm said it had created a massive overhaul of its e-Commerce site during the particular quarter and plans to ramp up its online presence through social media, Web social media marketing companies6 and mobile tasks.
"Our retail store inventory will be in a good position to support a strong back half of the year, CEO Christine Day recounted.
The retailer has spent recent months switching management of its web surgeries from a third-Special to a new in-House team as online sales become a bigger part of its growth option.
It expects web sales to make up about 10 % of revenue this year, And believes they'll reach 15 per cent or more of total sales soon