Lululemon Is The Envy Of Retail
Lululemon (NASDAQ: LULU) reported second quarter results that easily make it one of the best retailers out there right now. In a time when many are struggling, Lululemon continued its sales growth, with strong expansion in direct to consumer, as well as continued strength in comparable store sales. Net income grew 30% to $124.99 million.
A great quarter
Revenues increased 22% year over year to $883 million. Lululemon probably has the best comp sales trends in retail right now. Same store sales increased 10% in the quarter, while the ever growing direct to consumer segment increased a whopping 30%. The company noted that direct to consumer revenues now makes up 24.6% of the total revenue mix. In all, total comparable store sales increased 15%. It's worth noting that sales increased 17% on a constant dollar basis.
Source Fool.com
