Lululemon Profit, Sales Ahead Of Expectations; Raises 2015 View

Lululemon Athletica Inc. on Thursday posted second-quarter results that came in ahead of Wall Street's estimates. The yoga-gear maker's net earnings were $47.7 million, or 34 cents a share, on revenue of $453 million. A year ago, earnings were $48.7 million, or 33 cents a share, on sales of $390.7 million. Analysts polled by FactSet had expected per-share earnings of 33 cents a share on revenue of $445.6 million. Same-store sales rose 6% on a constant dollar basis for the most recent period. Lululemon now expects fiscal 2015 sales of $2.03 billion to $2.06 billion, and per-share earnings of $1.87 to $1.92. The company in June forecast sales of $2 billion to $2.05 billion, and earnings of $1.86 to $1.91 a share.