Lululemon Posts Strong Earnings Partially due to Tax Decrease

Lululemon Athletica inc. (NASDAQ:LULU) reported excellent results for its second quarter, and boosted its guidance for the year. Lululemon Athletica inc. (NASDAQ:LULU) is a yoga-inspired athletic apparel company for women, men, and female youth, primarily in Canada, the United States, and Australia.

Profits jumped almost 50 percent, to $57.2 million (39 cents a share) from $38.4 million (26 cents a share) in the year ago period. Excluding items, earnings for the quarter were 31 cents a share, in line with analysts’ expectations.

Revenues were higher by 33 percent, at $282.6 million,...