Guidance is where the issues are… This quarter is expected to be $0.28 to $0.30 per share and revenue of $273 million to $278 million versus estimates of $0.33 per share and sales of $289.2 million. 2012 guidance is $1.55 to $1.60 per share with sales of $1.32 billion to $1.34 billion versus estimates of $1.63 EPS and $1.35 billion in sales.
The same-store sales rose 25% outside of currency changes as online sales rose by almost triple last year to 13.5% of total sales from only 7.4% of total sales a year ago. Lululemon ended the quarter with 180 stores versus 142 stores a year ago.
We have already seen more than 1.8 million shares trade hands and the stock is down 7.7% at $64.65 against a prior 52-week range of $41.70 to $81.09.
JON C. OGG
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