Lululemon Athletica said revenue climbed in the latest quarter amid further market share growth and a surge in its international markets.
The yoga-pants maker said profit for the fiscal second quarter ended July 31 rose to $341.6 million, or $2.68 a share, compared with $289.5 million, or $2.26 a share, for the same period a year earlier. Analysts polled by FactSet had forecast earnings per share of $2.55. The company had most recently guided for earnings per share of $2.47 to $2.52.
Revenue jumped 18%, to $2.21 billion, beating analysts expectations of $2.17 billion, according to FactSet.
In North America, revenue climbed 11%, with revenue surging 52% on an international basis.
Total same-store sales increased 11% amid an inventory of $1.7 billion, which rose 14% from a year ago.
Lululemon’s operating margin rose 20 basis points, to 21.7%, the company said, noting that it opened 10 new company-operated stores during the quarter.
“We are excited about our opportunities in the second half of the year,” Chief Financial Officer Meghan Frank said.