Athletic put on firm Lululemon Athletica (NASDAQ: LULU) reported increased gross sales and revenue for the second quarter of 2024. The administration forecasts high-single-digit income development 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 development of 8% to 9%. Full-year earnings per share are anticipated to be between $13.95 and $14.15, assuming a tax fee of roughly 30%.
Lululemon’s CEO Calvin McDonald commented, “Within the U.S., our groups proceed to optimize our product assortment and stay targeted on driving ahead our alternatives out there. Trying forward, we really feel assured within the lengthy runway in entrance of us as we execute our Energy of Three ×2 development plan.”
