Lululemon Athletica Inc (NASDAQ:LULU) announced that it profit in the recent quarter was strong and lifted its guidance on Friday, whereas vowing to push back against cheaper knock-offs that could warn its business.
Canadian yogawear retailer’s stock surged around 8% on Friday morning after the corporation reported that the results, which were aligned with analysts’ forecasts excluding the impact of a lower-than-anticipated tax rate.
The company reported that gross profit margin moved down to 55.1% in the second quarter finished July 29, from 57.5% in the previous year, partly due to increased innovation and function in its products.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Chipotle Mexican Grill, Inc (NYSE:CMG) rose +7.94% to settle at $326.35, Starbucks Corporation (NASDAQ:SBUX) moved up +0.65% to end at $51.17 while Priceline.com Inc (NASDAQ:PCLN) jumped +2.91% to finish on Friday at $621.55.
Lululemon Athletica inc (NASDAQ:LULU) last session volume of 17.13 million shares was higher than its average volume of 2.87 million shares. The stock after opening at $68.02 hit high price of $77.60 and then closed at $77.14 by scoring +12.45%.
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%.
The LULU past twelve months price to sales ratio was 7.82 and price to cash ratio remained 20.28. As far as the returns are concern, the LULU return on equity was recorded as 35.24% and increased 33.97% return on investment while its return on asset stayed at 30.36%.
The stock showed weekly upbeat performance of +19.32% which was maintained for the month at +32.59%. Likewise the positive performance for the quarter was recorded as +19.10% and for the year was +33.71% while the YTD performance remained at +65.32%.
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