Investing.com -- Lululemon Athletica Inc (NASDAQ:LULU) shares rose after beating expectations and raising its outlook.
The athleisure apparel retailer reported second quarter earnings per share of $2.68 on revenue of $2.2 billion. Analysts expected earnings per share of $2.54 on revenue of $2.17 billion. Total revenue was up 18% from the same time last year.
Total comparable store sales rose 11%. Direct to consumer net revenue rose 15%.
Shares rose 0.4% in after-hours trading and were up 19% so far this year.
The company sees third quarter profit of $2.23 to 2.28 a share and revenue of $2.17 billion to $2.19 billion.
For the full year, profit is seen in a range of $12.10 to $12.17 a share and revenue in a range of $9.51 billion to $9.57 billion.