Lululemon Is No Poser
lululemon athletica (NASDAQ: LULU) has seen it all. After being a huge success in its debut as a yoga-apparel retailer, Lululemon found itself threatened by quality-control issues that could have destroyed the company. Yet rather than giving up, Lululemon powered ahead and produced an amazing comeback story that revealed just how popular the yoga movement is, and how important a role the company has played in it.
Coming into Thursday's fiscal second-quarter financial report, Lululemon shareholders wanted to see the retailer follow in the footsteps of some other high-profile retail names and sustain its own positive momentum. Lululemon's numbers were strong, and there's no doubt that the yoga specialist is at the top of its game and sees nothing but clear skies ahead.
Lululemon's fiscal second-quarter results looked familiar to those who've watched the company's ascent over the years. Revenue of $883.4 million was up 22% from year-ago levels, accelerating from its growth rate in the first quarter. Net income was higher by more than 30%, coming in at $125 million and producing earnings of $0.96 per share. Investors following the stock had expected just $0.89 per share on the bottom line.
Source Fool.com
