BRIEF-Lululemon Athletica Q1 earnings per share $0.33

Wed Jun 8, 2016 6:27am EDT
 
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June 8 (Reuters) - Lululemon Athletica Inc :

* Lululemon Athletica Inc qtrly comparable store sales increased by 3%

* Lululemon Athletica Inc says Q1 direct to consumer net revenue increased by 17% to $97.6 million, or by 18% on a constant dollar basis

* Lululemon Athletica Inc Sees Q2 Total Comparable Sales In Mid Single digits on a constant dollar basis

* Lululemon Athletica Inc sees Q2 diluted earnings per share are expected to be in range of $0.36 to $0.38

* Lululemon Athletica Inc sees FY earnings per share $2.05 to $2.15 normalized for tax and related interest adjustments made during Q1 of fiscal 2016

* Inventories at end of q1 of fiscal 2016 increased by 21% to $286.2 million

* Q2 earnings per share view $0.39, revenue view $513.9 million -- Thomson Reuters I/B/E/S

* Fy2016 earnings per share view $1.82, revenue view $2.05 billion -- Thomson Reuters I/B/E/S   Continued...