Watersports blog

The second quarter earnings of athletic wear maker Lululemon Athletica Incorporated exceeded analysts expectations despite the fact that the figures are still down compared to last year’s report. The second quarter profit of the Vancouver-based company reached $9.2 million. A year ago, the profits were at $11.1 million. The revenue, on the other hand, increased by 14 percent compared to last year to $98 million. ThisThe second quarter earnings of athletic wear maker Lululemon Athletica Incorporated exceeded analysts expectations despite the fact that the figures are still down compared to last year’s report. The second quarter profit of the Vancouver-based company reached $9.2 million. A year ago, the profits were at $11.1 million. The revenue, on the other hand, increased by 14 percent compared to last year to $98 million. This is beyond the analyst expectations of $88 million. The projected results were based on the first quarter data released last June. The share went down to 8 cents at that time and that store sales were expected to underperform due to the global financial crisis. The same-store sales declined by 2 percent. Lululemon recently launched a new line of athletic wear that is specifically set for teenagers and children which also includes sports bras. This line is placed under the label ivivva. As of now, these products are available for purchase in Victoria, Calgary and Vancouver. is beyond the analyst expectations of $88 million. The projected results were based on the first quarter data released last June. The share went down to 8 cents at that time and that store sales were expected to underperform due to the global financial crisis. The same-store sales declined by 2 percent. Lululemon recently launched a new line of athletic wear that is specifically set for teenagers and children. This line is placed under the label ivivva. As of now, these products are available for purchase in Victoria, Calgary and Vancouver.