Lululemon Reports Q1 $0.34 adj v $0.32e, R$385M v $384Me
- Guides Q2 $0.28-0.32 v $0.32e, R$375-380M v $386Me
- Lowers FY14 $1.71-1.76 v $1.88e, R$1.77-1.8B v $1.79Be (prior $1.80-1.90 v $2.15e, R$1.77-1.82B on Mar 27th)
- SSS on a constant-dollar basis +1% y/y
- Direct to consumer Rev on a constant-dollar basis +25% y/y
- Gross margin 50.9% v 49.4% y/y
- Stores opened 9 (zero stores closed)
- End Inventory $177M v $144M y/y
very light pre-market traded 44.30 flat and 42.80 now -2.7% but not really signifiacnt because of light volume