Athletic put on firm Lululemon Athletica (NASDAQ: LULU) reported larger gross sales and revenue for the second quarter of 2024. The administration forecasts high-single-digit income progress for fiscal 2024.
Second-quarter revenue elevated to $392.9 million or $3.15 per share from $341.6 million or $2.68 per share in the identical interval final yr. Gross revenue elevated 9% to $1.4 billion. The corporate reported revenues of $2.37 billion for the July quarter, up 7% from the prior-year quarter. Comparable gross sales elevated by 2%, or 3% on a relentless greenback foundation
For fiscal 2024, the corporate expects income to be within the vary of $10.38 billion to $10.48 billion, representing progress of 8% to 9%. Full-year earnings per share are anticipated to be between $13.95 and $14.15, assuming a tax price of roughly 30%.
Lululemon’s CEO Calvin McDonald commented, “In the U.S., our teams continue to optimize our product assortment and remain focused on driving forward our opportunities in the market. Looking ahead, we feel confident in the long runway in front of us as we execute our Power of Three ×2 growth plan.”
