When Lululemon Athletica Inc. (NASDAQ: LULU) released its most recent quarterly results after the markets closed on Thursday, the firm said that it had $0.75 in earnings per share (EPS) and $747.7 million in revenue. The consensus estimates had called for $0.69 in EPS and $735.93 million in revenue, and the fiscal third quarter of last year reportedly had EPS of $0.56 on $619.0 million in revenue.

During the latest quarter, total comparable sales increased 17%, or increased 18% on a constant dollar basis. Comparable store sales increased 6%, or 7% on a constant dollar basis, while direct to consumer net revenue increased 44%, or 46% on a constant dollar basis.

Direct to consumer net revenue represented 25.3% of total net revenue compared to 21.2% last year.

Looking ahead to the fiscal fourth quarter, the company expects to see EPS in the range of $1.64 to $1.67 and net sales are expected to be between $1.115 billion and $1.125 billion. Consensus estimates call for $1.65 in EPS and $1.12 billion in revenue for the quarter.

CEO Calvin McDonald commented:

Lululemon has achieved a high level of success over the past year and has established a solid foundation to continue to build our future. It’s been exciting to see guests around the world respond so strongly to our product offerings and improved digital experience. I look forward to what’s ahead for our brand as we strive to exceed the expectations of our guests.

Shares of Lululemon were last seen down nearly 8% at $121.09, in a 52-week range of $72.13 to $167.79. The consensus analyst price target is $163.34.

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