Lululemon Announces Third Quarter Earnings: Sales Increased By 10%

Canadian Yoga wear chain brand

The third quarter earnings showed less than expected earnings, so that the annual sales forecast was cut, the profit in the third quarter dropped to $6 billion 50 million, and net sales increased by 10%.

During the period (2013), the surplus was $6610 million, or $0.45 per share, and the net surplus in the third quarter of this (2014) year ended November 2nd was US $60 million 500 thousand, or US $0.42 per share.

Prior to analysts, the average forecast was $0.38 per share.

Under the fixed dollar base, sales fell by 3%, net profit from 420 million yuan (2013) to 420 million, an increase of 10%.

Direct sales to consumers increased by 18.4%.

Laurent, executive director of Lululemon, said: "promoting our driving force for business development."

Customer experience and products, I am very pleased that the performance in the third quarter shows continuous progress.

"I believe that our strong team, coupled with investment strategies in core business areas, has had a positive impact and will further leave a strong trajectory in global economic growth."

As of today (2014), the profit forecast for February has been raised from US $$1.74-1.78 per share to US $$1.72-1.77 per share.

From the previous $17.8-$18 billion US dollars to 17.7-$17.8 billion.

The estimated impact is about $15 million, including the delays in the West Coast ports, the lower Canadian dollar exchange rate and the delay in opening new stores.