By Ben Glickman
Lululemon Athletica’s sales surged again in the third quarter despite an uncertain environment for consumers.
The Vancouver, British Columbia-based athleticwear maker posted a profit of $248.7 million, or $1.96 a share, in the third quarter, compared with $255.5 million, or $2 a share, a year earlier. Analysts polled by FactSet expected per-share earnings of $2.29.
Stripping out certain one-time items, adjusted per-share earnings came to $2.53, ahead of the $2.28 forecast by analysts, according to FactSet.
Revenue rose 19%, to $2.2 billion, beating the $2.19 billion expected by analysts polled by FactSet.
Lululemon’s revenue from North America rose 12% in the period, while international sales jumped 49%. Comparable sales, which removes the effect of store openings and closures, rose 13%.
Chief Executive Calvin McDonald said the company was seeing positive early signs for the fourth quarter heading into the holiday shopping season.
Finance Chief Meghan Frank said the company was executing on its business plan despite an uncertain macroeconomic backdrop.
Write to Ben Glickman at ben.glickman@wsj.com
Read the full article here