Lululemon Efforts To Reduce Inventory Burden, Sales Rise Strongly

Lululemon has been working hard in the last few quarters

The burden is that inventory is $277 million 300 thousand in the latest quarter, down 1% from the $280 million 600 thousand in the second quarter of 2015.

Lululemon said it expects the third quarter turnover to be in the range of US $535 million to US $545 million, while net profit is expected to be between us $0.42 and US $0.44 per share.

Lululemon Athletica, a sportswear retailer, announced yesterday that its net profit rose 14% in the second quarter, driven by sales growth.

Laurent Potdevin, chief executive of Lululemon, said: "the company has made remarkable progress in the second quarter, especially in terms of gross margin and inventory.

This marks us.

The recovery and the company's sustained long-term growth trend.

Sportswear retailer

Lululemon, headquartered in Vancouver, has 379 chain stores in Canada, the United States and Australia.

As of July 31st, the company's earnings rose to US $0.39 / share compared to the US $0.34 / share in the second quarter of 2015, equivalent to 53 million 600 thousand US dollars in total net profit.

Lululemon accounted for 49.4% of gross profit in the first quarter, up from 46.8% in the second quarter of 2015.

Turnover increased by 14% to $514 million 500 thousand last quarter.

Comparable store sales rose by 4%, while online sales increased by 6% to $87 million 400 thousand.