Lululemon Athletica Topped Estimates For Q2, Rose 39% YoY

September 10, 2011

Lululemon Athletica (NASDAQ:LULU) reported Q2 EPS of $0.26, better than analyst estimates of $0.23 per share. Revenues for the quarter rose 39% to $212.3 million, better than consensus estimates of $206.36 million.For the third quarter of fiscal 2011, the company expects net revenue to be in the range of $225 million to $230 million based on a comparable-store sales percentage increase in the low to mid-teens on a constant-dollar basis.Lululemon Athletica is currently above its 50-day moving average (MA) of $56.73 and above its 200-day of $44.66.