Lululemon earnings bulge
$14.1M net on revenue of $112.9M
Last Updated: Wednesday, December 9, 2009 | 5:56 PM ET
CBC News
Related
Lululemon Athletica Inc. reported sharply higher third-quarter earnings Wednesday.
The Vancouver-based maker and retailer of stylish activewear said its net income in the three months ended Oct. 31 totalled $14.1 million, or 20 cents a diluted share.
That compared with $8.8 million, or 13 cents per share, in the same period in 2008.
Revenue grew 29.7 per cent to $112.9 million from $87 million a year ago. Strong autumn sales surprised even the company itself, which had already revised its guidance to investment analysts for revenue of $110 million to $112 million.
Same-store sales increased by 10 per cent. Lululemon said it expects its fourth-quarter earnings per share to be between 26 cents and 28 cents, with revenue in the range of $140 million to $145 million.
Shares in the company, which reported its earnings after the market close, were up nearly three per cent to $29.24 Wednesday on the Toronto Stock Exchange.
With files from The Canadian PressShare Tools
Top News Headlines
- Greece passes new austerity deal amid rioting
- Greek lawmakers have approved harsh new austerity measures demanded by bailout creditors to save the debt-crippled nation from bankruptcy, after riots in Athens and other cities left stores looted and burned and more than 120 people hurt. more »
- Quebec town 'heartbroken' after killing of woman, sisters
- A small Quebec town is in mourning Sunday after a Quebec man was charged with killing his nieces and his mother, who were found dead in their family home. more »
- Houston autopsy results withheld by police
- Whitney Houston was found in a hotel bathtub but it'll take weeks to determine precisely how she died, a Los Angeles coroner's official says. more »
- Musicians who died before their time
- The growing list of musicians who have died young. more »
Latest Business Headlines
- Air Canada reaches tentative deal with dispatchers
- Air Canada has reached a tentative collective agreement with the Canadian Airline Dispatchers Association, representing the airline's 74 flight dispatchers. more »
- Old Age Security untouched until 2020, Flaherty says
- Finance Minister Jim Flaherty says Canadians should expect no changes to Old Age Security benefits before 2020 or 2025, and details about reform would be outlined over more than one budget. more »
- CAW questions Caterpillar takeover of Electro-Motive
- The head of the Canadian Auto Workers is suggesting Caterpillar Inc. may not have followed foreign takeover rules in its 2010 purchase of the London, Ont., locomotive plant it has since shut down. more »
- Canada's trade surplus doubles in December
- Statistics Canada says exports rose 4.5 per cent in December and imports edged up 0.8 per cent, pushing the country's trade surplus with the rest of the world to $2.7 billion from $1.2 billion in November. more »
Lang & O'Leary Exchange
Markets
| Index | Last Trade | Change |
|---|---|---|
| TSX COMPOSITE | 12389.42 | -108.52 |
| DOW | 12801.23 | -89.23 |
| NASDAQ | 2903.88 | -23.35 |
| SP 500 | 1342.64 | -9.31 |
| NYSE COMPOSITE | 7992.05 | -89.2 |
| AMEX | 2417.98 | -18.65 |
| TSX-VENTURE | 1653.55 | -11.27 |
The data on this site is informational only and may be delayed; it is not intended as trading or investment advice and you should not rely on it as such.
Business Features
- Pop queen Whitney Houston dies at 48
- Houston autopsy results withheld by police
- Greece passes new austerity deal amid rioting
- Carleton University confirms death of student
- Adele takes 4 Grammys
- Quebec town 'heartbroken' after killing of woman, sisters
- Ultimate Tazer Ball combines shock and soccer
- Manitoba man dies after falling off moving SUV
- Adults-only trade show cancelled in B.C. Bible belt
