×
254
Fashion Jobs
AJAY INDUSTRIAL CORPORATION (AICL)
Production Manager (hp Division)
Permanent · Ghaziabad
VRB CONSUMER PRODUCTS
Job Opening as Asst Manager Production - Keshwana
Permanent · Keshwana
POLYCAB INDIA LTD
Area Sales Manager
Permanent · Ludhiana
CEAT
am Production Tbr Stock (Halol- Gujarat)
Permanent · Halol
FIRST MERIDIAN BUSINESS SERVICES
Head Production Manager
Permanent · Gurugram
SHALIMAR INCENSE
Senior Area Sales Manager/Regional Sales Manager- South
Permanent · Bengaluru
FIRST MERIDIAN BUSINESS SERVICES
Production Manager (Female)
Permanent · Oragadam
POLICYBOSS
Area Sales Manager
Permanent · Chennai
RADON INDIA
Area Sales Manager - (Dealer Channel)
Permanent · Jaipur
PEOPLEFY INFOSOLUTIONS
Job Opening For Area Sales Manager Role in Mnc For Vijayawada
Permanent · Vijayawada
STANVAC CHEMICALS
Area Sales Manager
Permanent · Beawar
PERFECT PUBLISHING SOLUTIONS
Area Sale Manager-Denmark Mnc - Hearing Aid or Medical Device
Permanent · Kolhapur
SMART SOURCE
Buyer & Merchandiser With a Top Brand-Mumbai
Permanent · Mumbai
MURUGAPPA GROUP
Area Sales Manager - Commercial Vehicle
Permanent · Ahmedabad
CREATIVE SOLUTIONS
Mechanical Production Manager Sheet Metal Industry (1 - 6yrs)
Permanent · Chennai
H&M
Content Production Manager
Permanent · NEW DELHI
CAPITAL PLACEMENT SERVICES
Production Manager For Agrochemical Industry in Saykha,Gujarat
Permanent · Bharuch
ADITYA SAMRAJ NATURAL FOODS PVT. LTD.
Area Sales Manager / Regional Sales Manager
Permanent · Ambala
AIRTEL
Area Manager
Permanent · Kanchipuram
ADIDAS
Senior Tech Project Manager
Permanent · GURUGRAM
CORPORATE MANPOWER
Requirement - Operations Manager
Permanent · Kolkata
DR LAL PATHLABS
Area Sales Manager - Vijayawada
Permanent · Vijayawada
By
Reuters
Published
Aug 31, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Lululemon second-quarter profit doubles as China, online sales jump; shares climb

By
Reuters
Published
Aug 31, 2018

Canadian athletic apparel maker Lululemon Athletica Inc on Thursday posted second-quarter profit that almost doubled from a year earlier, beating estimates, lifted by strong growth in online sales, particularly in China.

The company plans to open e-commerce sites in South Korea and Japan this year - Lululemon


Comparable sales in Asia grew 55 percent from a year ago, with the company’s China e-commerce business expanding more than 200 percent, Chief Operating Officer Stuart Haselden told analysts on a conference call. That contributed to a 48 percent increase in online sales, and a 25 percent rise in revenue.

“We have a real big opportunity internationally, in particular in Asia,” Calvin McDonald, who became chief executive of the Vancouver-based company this month, said on the call. “It’s one that the team feels is a growth potential, of disproportionate growth for this business and brand.”

The stock jumped 7.6 percent to $147.26 in after-hours trading in New York, surpassing a record intraday high touched this week. It had dropped 1.2 percent to close at $137 on Thursday.

Lululemon, which popularized “athleisure wear” by turning pricey women’s yoga wear into mainstream fashion, is expanding its online operations at home and overseas to navigate muted brick-and-mortar sales across the retail industry as consumers shift to online shopping.

The company plans to open e-commerce sites in South Korea and Japan this year, Haselden said.

The company reported net income of $95.8 million, or 71 cents per share, in the three months ended July 29, compared with analyst estimates of $66.5 million, or 49 cents, and up from $48.7 million a year earlier.

Third-quarter earnings are expected to be 65 to 67 cents per share on revenue of $720 million to $730 million, the company said in a statement. That compares with per-share adjusted earnings of 56 cents on revenue of $619 million a year earlier.

Thursday’s earnings report was the first for McDonald, who started in his role on Aug. 20, moving from LVMH’s cosmetics retailer Sephora where he headed up the Americas division.

Lululemon had been without a CEO since Laurent Potdevin abruptly resigned in February for falling short of the company’s standards of conduct.

© Thomson Reuters 2023 All rights reserved.