Lululemon Athletica Q2 profit $208.1 million
Adjusted earnings for the quarter were $299.2 million or $1.65 per share, up from $135.9 million or $0.74 per share last year.
Revenues for the quarter jumped 61% to $1.45 billion from $902.9 million last year. Analysts had a consensus revenue estimate of $1.33 billion for the quarter.
Commenting on the results, CEO Calvin McDonald said, "Our second quarter results demonstrate the continued momentum across the business, and how we are living into our Power of Three growth plan and Impact Agenda commitments. We launched exciting new products, experienced strength across channels and geographies, and announced new partnerships that will allow us to become a leader in product sustainability."
Looking forward to the third quarter, the company expects revenues of $1.40 billion to $1.43 billion and adjusted earnings of $1.33 to $1.38 per share.
For full year 2021, the company now expects revenue of $6.19 billion to $6.26 billion and adjusted earnings of $7.38 to $7.48 per share. Previously, the company expected revenues of $5.825 billion to $5.905 billion and adjusted earnings of $6.73 to 6.86 per share. ■