- Lululemon (LULU) reports direct to consumer revenue rose 39% to $49.4M during Q2.
- Gross margin rate fell 110 bps to 54.0%.
- Inventories up 4.8% Y/Y.
- The retailer cuts its outlook for FY13 revenue to $1.625B-$1.635B vs. $1.67B consensus and expects EPS to fall in a range of $1.94-$1.97 vs. $1.99 consensus. (PR)
- LULU -9.5% premarket.
More on Lululemon's Q2
Sep 12 2013, 07:33 ET