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Lululemon Athletica Q1 revenue $782.3 million

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Christian Fernsby |
Lululemon Athletica
Lululemon Athletica   Gross profit was $421.7 million

Lululemon Athletica announced financial results for the first quarter of fiscal 2019.

Net revenue was $782.3 million, an increase of 20% compared to the first quarter of fiscal 2018. On a constant dollar basis, net revenue increased 22%.

Gross profit was $421.7 million, an increase of 22% compared to the first quarter of fiscal 2018.

Gross margin was 53.9%, an increase of 80 basis points compared to the first quarter of fiscal 2018.

Income from operations was $128.8 million, an increase of 23% compared to the first quarter of fiscal 2018.

Operating margin was 16.5%, an increase of 40 basis points compared to the first quarter of fiscal 2018.

Income tax expense was $34.6 million compared to $32.1 million in the first quarter of fiscal 2018 and the effective tax rate was 26.4% compared to 29.9%.

Diluted earnings per share were $0.74 compared to $0.55 in the first quarter of fiscal 2018.


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