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lululemon athletica inc Issues Q2 2013 Guidance; EPS Guidance Above Analysts' Estimates; Comments On Q2 2013 Comparable Store Sales Guidance; Raises FY 2013 Guidance; Announces Management Changes


Monday, 10 Jun 2013 04:01pm EDT 

lululemon athletica inc announced that for the second quarter of 2013, it expects net revenue to be in the range of $340 million to $345 million based on a comparable-store sales percentage increase of 5% to 7% on a constant-dollar basis. Diluted earnings per share are expected to be in the range of $0.33 to $0.35. For fiscal 2013, it expects net revenue to be in the range of $1.645 billion to $1.665 billion and diluted earnings per share are expected to be in the range of $1.96 to $2.01. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $341 million and EPS of $0.30 for the second quarter of 2013; revenue of $1.643 billion and EPS of $1.99 for fiscal 2013. lululemon also announced that after a five and half year tenure Christine Day will step down as the Company`s Chief Executive Officer when a successor is named. The Board has formed a search committee and enacted its CEO succession plan.