© Reuters.

Investing.com — Lululemon Athletica reported Thursday fiscal third-quarter results that topped Wall Street estimates, but the athletic apparel maker’s revenue guidance for the holiday season quarter fell short of estimates.

Lululemon Athletica Inc (NASDAQ:) fell more than 5% in afterhours following the results.

The company reported adjusted EPS of $2.53 on revenue of $2.2 billion. Analysts polled by Investing.com anticipated EPS of $2.28 on revenue of $2.19B.

Comparable sales increased 13%, with direct-to-consumer net revenue up 18%. Gross margin increased 110 basis points to 57%.

For Q2, the company sees diluted EPS in the range of $4.85 to $4.93, in-line with estimates of $4.93 per share and revenue in the range of $3.14B to $3.17B, missing estimates of $3.18B.

On Nov. 29, the company approved an additional stock buyback programe for up to $1B.

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Source: Investor


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