Yoga and running-gear manufacturer Lululemon Athletica Inc. (NASDAQ:LULU) reported that its second-quarter earnings climbed up almost 50%, topping both company and expert estimations, and it upgraded its fiscal 2012 outlook for both earnings and sales.
The Vancouver-located firm stated that it earned $57.7 million, or 39 cents per share, in the fiscal quarter concluded on July 29, higher from last year’s similar quarter figure of $38.6 million, or 26 cents,.
Sales moved up $282.6 million in contrast to $212.3 million, in line with expert predictions of $283 million.
Lululemon (LULU) comparable store sales were 15% higher on a steady-dollar basis, the firm reported. Inventory at the conclusion of quarter came in $125.4 million, in contrast with $88.9 million at the conclusion of the year-ago same quarter.
Its competitors include NIKE, Inc. (NYSE:NKE) that slipped -0.20% to $99.26 with the total traded volume of 1.33 million shares and Under Armour Inc (NYSE:UA) that increased +0.64% to $59.71 with the total traded volume of 1.46 million shares.
Other Consumer Goods stocks with bullish trend include Coach, Inc. (NYSE:COH) up +2.65% to $61.54, International Paper Company (NYSE:IP) up +1.72% to $36.16 and Quiksilver, Inc.(NYSE:ZQK) up +17.65% to $3.60, whereas with bearish trend include The Coca-Cola Company (NYSE:KO) down -0.84% to $37.83, The Procter & Gamble Company (NYSE:PG) up +0.31% to $68.45 and PepsiCo, Inc.(NYSE:PEP) down -0.06% to $72.11.
Lululemon Athletica inc. (NASDAQ:LULU) after opening at $68.02 hit high price of $77.59 and then trading at $77.12 by surging +12.42% and on current session volume of 15.86 million shares is higher than its average volume of 2.41 million shares.
The stock price volatility was 2.39% for a week and 2.87% for a month as well as price volatility’s Average True Range for 14 days was 1.95 and its beta remained 2.41.
The liquidity measure in recent quarter results of the company was recorded 7.88 as current ratio and on the other side the debt to equity ratio was 0.00 and long-term debt to equity ratio also remained 0.00. The Company had total cash at hand $424.33 million and a book value per share as $4.64 in the most recent quarter.
LULU generated revenue of 1.10 billion in the following twelve months and earned $197.33 million. The Company showed a positive 18.04% in the net profit margin and as well as in its operating margin which remained +28.04%. Company’s annual sales growth for the past five year was +46.57%.
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