Lululemon Sales Increased Sharply In The Two Quarter By 17%, And Nike'S Foot Stepped On ADI.

Strong growth to crush Nike and Adidas group, Lululemon Athletica Inc. ( NASDAQ:LULU Lululmont's two quarter growth rate and its action to boost earnings expectations rose the most on Friday. 6.6% to Two hundred point eight The US dollar allowed the group to sit on the throne of the sports industry.

In the two quarter of August 4th, the fixed exchange rate of Lululemon Athletica Inc. Lulu Le Meng increased by 17% compared to that of the previous year, far exceeding the combined 12% of Consensus Metrix, and its growth rate exceeded 10% in ten consecutive quarters. It is even more difficult to see that the sales growth rate of the same entity has increased from 8% in the first quarter to 11%, and e-commerce has continued to grow by 31%.

The market and men's and women's wear products in the three regions bring about a comprehensive growth for the group. Incomes in North America, Europe and Asia Pacific rose by 21%, 35% and 33%, respectively. Calvin McDonald, chief executive officer, revealed that China's growth rate was as high as 68%, including e-commerce's comparable sales growth of more than 70%. The group maintains plans to set up 15 stores in China this year, and expects that the number of stores in China will be doubled to 30 by the end of this year.

Women's wear increased by 13% compared with sales, while men's clothing increased by 27%. The proportion of women's income has increased to about 22%. Calvin McDonald said the demand for women's bottoms, men's wear and downloads was strong. During the two quarter, the group launched its own brand personal care product, "performance is beyond expectations". He also revealed that new products will be introduced before the end of the year.

Lululemon Athletica Inc. Lulu Le Meng realized revenue in the two quarter Eight point eight three four Billion dollars, better than market expectations. Eight point four six Billion dollars, compared with the same period last year Seven point two three five Billion dollar rise 22.1% Net profit is rising. 30.5% to One point two five Million dollars, EPS from Zero point seven one US dollar increased to Zero point nine six US dollar, exceeding market expectations. Zero point eight nine US dollars.

The group guides annual revenue from Thirty-seven point three - Thirty-seven point seven 100 million US dollars to Thirty-eight - Thirty-eight point four Million, and is expected to be recorded EPS Four point six three - Four point seven zero The dollar was previously expected to be Four point five one - Four point five eight US dollars. FactSet's comprehensive expectations for annual income and EPS are respectively Thirty-eight point one Million dollar sum Four point six four US dollars. Bernstein analyst Jamie Merriman believes that the outlook for growth is still "conservative".

Patrick Guido, chief financial officer, said the new tariff policy and the resulting additional air freight costs will still have annual profits. Zero point zero four - Zero Point Zero Five The negative impact of the US dollar revealed that about 6% of the finished products were taxed in the United States, and the proportion has been substantially reduced.

Lululemon Athletica Inc. ( NASDAQ:LULU Friday was an early rise. 8.5% to Two hundred and four point four four The US dollar is at a record high. According to FactSet data, the stock's 12 month target price has been from August 31st. One hundred and ninety-six point three five US dollar increased to Two hundred and nine point zero four US dollars.

No Agency analyst Tang Xiaotang said the strong share price of Lululemon Athletica Inc. was self imposed by Wall Street. 5 years ago, the brand was once considered the most likely brand to disappear in the next ten years, because the product recall and the board's internal struggle made the company suffer. However, the analyst said that luck could not stop. This is the so-called "draught" and "pigs are flying up" in China's science and technology industry.

Sam Poser, a brokerage analyst at Susquehanna, believes that Lululemon Athletica Inc.'s "excellent" two quarter results further prove that the group is "second to none" among the listed retailers, not only showing no signs of slowing down, but also has "first-class" execution capability and innovative product array, which is worth 24 billion 500 million US dollars.

Morgan Stanley Morgan Stanley analyst Kimberly Greenberger has given Lululemon Athletica Inc. based on its market value that has soared 68% since 2019. NASDAQ:LULU "Equal-Weight" rating, the target price is only raised less than 4% to 169 U.S. dollars.

DA Davidson&Co. analyst John Morris pointed out that the group will face a high base of comparison in the second half of the fiscal year (the sales growth of 18% and 17% respectively in the three quarter and the fourth quarter last year).

The two quarter Lululemon Athletica Inc. gross margin is 55% It has improved 20 basis points compared with the same period last year, of which the gross margin of products has been raised by 90 basis points.