Lululemon Athletica, Inc. raised its guidance for the year as second-quarter results exceeded expectations. Earnings rose 21.6 percent on an adjusted basis in the quarter with revenues ahead 18 percent. Comparable sales increased 11 percent or 13 percent on a constant dollar basis.
Sales of $2.2 billion topped guidance in the range of $2.14 billion to $2.17 billion.
Net earnings improved to $341.6 million from $289.5 million a year ago. On an adjusted basis, earnings were $281,0 million a year ago.
Adjusted EPS of $2.68 topped guidance in the range of $2.47 to $2.52 and up compared to $2.26 a share in the second quarter of 2022. Adjusted diluted earnings per share were $2.20 in the second quarter of 2022.
For full details about second quarter results for Lululemon, including regional trends, North America market share trends and look-ahead outllok, go here:
EXEC: Lululemon Claims North America Market Share Gain Despite Slower Q2 Growth
