On Thursday, Shares of Lululemon Athletica Inc. (NASDAQ:LULU), lost -16.41% to $53.54.
lululemon athletica declared financial results for the second quarter ended August 2, 2015.
For the second quarter ended August 2, 2015:
- Net revenue for the quarter raised 16% to $453.0 million from $390.7 million in the second quarter of fiscal 2014.
- Total comparable sales, which comprises comparable store sales and direct to consumer, raised by 11% for the second quarter on a constant dollar basis.
- Comparable store sales for the second quarter raised by 6% on a constant dollar basis and direct to consumer revenue raised 35% on a constant dollar basis.
- Direct to consumer net revenue raised 30% to $82.2 million, or 18.2% of total Company revenue, in the second quarter of fiscal 2015, an improvement from 16.2% of total Company revenues in the second quarter of fiscal 2014.
- Gross profit for the quarter raised by 7% to $212.0 million, and as a percentage of net revenue gross profit was 46.8% for the quarter contrast to 50.5% in the second quarter of fiscal 2014.
- Income from operations for the quarter reduced by 2% to $66.6 million, and as a percentage of net revenue was 14.7% contrast to 17.4% of net revenue in the second quarter of fiscal 2014.
- The effective tax rate for the quarter was 29.3% contrast to 30.1% in the second quarter of fiscal 2014.
- Diluted earnings per share for the quarter were $0.34 on net income of $47.7 million, contrast to diluted earnings per share of $0.33 on net income of $48.7 million in the second quarter of fiscal 2014.
- During the second quarter of fiscal 2015, the Company repurchased 1.0 million shares of the Company’s common stock at an average cost of $63.96 per share.
lululemon athletica inc., together with its auxiliaries, designs, manufactures, and distributes athletic apparel and accessories for women, men, and female youth. It operates through two segments, Corporate-Owned Stores and Direct To Consumer.
Shares of Halliburton Company (NYSE:HAL), inclined 1.16% to $37.58, during its last trading session.
Two of Halliburton’s Brazilian facilities – Macaé and Rio de Janeiro – and nine of the company’s business lines located there have received the American Petroleum Institute (API) Specification Q2 Certification, an advanced industry certification standard for oil and natural gas service companies. They are the first in Latin America to receive the certification.
The business lines that achieved the certification are Baroid, Cementing, Completion Tools, Drill Bits and Services, Production Enhancement, Production Solutions, Sperry Drilling, Testing and Subsea, and Wireline and Perforating.
API Q2 is a risk-based quality administration system approach that focuses on competency, service design, contingency planning, supply chain controls, preventive maintenance, inspection, service quality plans and administration of change. It is the first international standard that outlines fundamental, risk-based quality administration systems for oil and natural gas services companies. The certification demonstrates an organization’s commitment to exceed current generic quality administration system standards.
Halliburton Company provides a range of services and products to the upstream oil and natural gas industry worldwide. The company operates through two segments, Completion and Production, and Drilling and Evaluation.
Finally, Texas Instruments Inc. (NASDAQ:TXN), ended its last trade with -0.42% loss, and closed at $47.41.
Texas Instruments Incorporated Vice President Dave Pahl will speak at the 2015 Deutsche Bank Technology Conference in Las Vegas on Thursday, September 17, at 2:40 p.m. Pacific time. Pahl will field questions from analysts and investors, in addition to discuss TI’s business outlook and its strategy to address key markets for its analog and embedded processing technologies and how these capabilities position the company for growth.
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates through two segments, Analog and Embedded Processing.
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