LONDON, UK / ACCESSWIRE / January 05, 2018 / Active-Investors.com has just released a free earnings report on Lululemon Athletica Inc. (NASDAQ: LULU). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=LULU. The Company posted its financial results on December 06, 2017, for the third quarter of the fiscal year 2017. The athletic apparel retailer's revenue and adjusted EPS surpassed analysts' expectations. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Lululemon Athletica most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For the three months ended October 29, 2017, Lululemon Athletica's net revenues increased 14%, or 12% on a constant currency basis, to $619.02 million from $544.42 million in Q3 FY16. The increase was due to new store openings and a strong ecommerce growth. For the reported quarter, the Company's comparable sales growth was 8% while comparable store sales growth was 2%. The Company's revenue numbers surpassed analysts' expectations of $611.5 million.

During Q3 FY17, the company opened 17 new stores and closed 50 stores, mainly related to the ?ivivva' remodeling. As on October 29, 2017, the Company operated a total of 388 stores.

For the reported quarter, the Company's gross profit increased 15.6% to $321.96 million from $278.43 million in Q3 FY16. During Q3 FY17, Lululemon Athletica's gross margin increased 90 basis points to 52% of revenue from 51.1% of revenue in Q3 FY16. During Q3 FY17, Lululemon Athletica's adjusted gross margin increased 110 basis points to 52.2% of revenue from 51.1% of revenue in Q3 FY16, due to an improvement in product margins backed by a favorable mix and reduced product costs.

For the reported quarter, the Company's operating income decreased 7.9% to $85.59 million from $92.98 million in Q3 FY16. During Q3 FY17, Lululemon Athletica's operating margin decreased 330 basis points to 13.8% of revenue from 17.1% of revenue in Q3 FY16. During Q3 FY17, Lululemon Athletica's adjusted operating margin increased 30 basis points to 17.4% of revenue from 17.1% of revenue in Q3 FY16.

During Q3 FY17, Lululemon Athletica's earnings before tax (EBT) decreased 7.4% to $86.64 million from $93.60 million in the same period of last year. For the reported quarter, the Company's EBT margin decreased 320 basis points to 14% of revenue from 17.2% of revenue in Q3 FY16.

For the reported quarter, Lululemon Athletica's net income decreased 13.7% to $58.94 million from $68.29 million in Q3 FY16. During Q3 FY17, the Company's diluted earnings per share (EPS) decreased 14% to $0.43 from $0.50 in the comparable period of last year. During Q3 FY17, the Company's adjusted diluted EPS increased 19.1% to $0.56 on a y-o-y basis from $0.47 in Q3 FY16, surpassing analysts' expectations of negative $0.52.

Balance Sheet

As on October 29, 2017, Lululemon Athletica's cash and cash equivalents decreased 11.5% to $650.05 million from $734.85 million as on January 29, 2017.

For the reported quarter, the Company's inventories increased 33% to $396.89 million from $298.43 million in Q4 FY16. For the reported quarter, the Company's accounts payable decreased 43.2% to $14.11 million from $24.85 million in Q4 FY16.

In the first nine months of 2017, the Company's net cash provided by operating activities increased 33.1% to $131.31 million from $98.66 million in the corresponding period of last year.

During Q3 FY17, the Company repurchased 0.1 million shares at an average price of $60.27 per share.

Outlook

For FY17, the Company expects diluted EPS to be in the range of $2.20 - $2.23, and adjusted diluted EPS to be in the band of $2.45 - $2.48.

Stock Performance Snapshot

January 04, 2018 - At Thursday's closing bell, Lululemon Athletica's stock advanced 1.60%, ending the trading session at $79.85.

Volume traded for the day: 1.67 million shares.

Stock performance in the last month ? up 18.79%; previous three-month period ? up 30.18%; past twelve-month period ? up 15.04%; and year-to-date ? up 1.60%

After yesterday's close, Lululemon Athletica's market cap was at $10.95 billion.

Price to Earnings (P/E) ratio was at 39.69.

The stock is part of the Consumer Goods sector, categorized under the Textile - Apparel Clothing industry. This sector was up 0.7% at the end of the session.

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