lululemon athletica, inc. (LULU) Tops Q1 EPS by 2c; CEO Day to Step Down

lululemon athletica, inc. (NASDAQ: LULU) reported Q1 EPS of $0.32, $0.02 better than the analyst estimate of $0.30. Revenue for the quarter came in at $345.8 million versus the consensus estimate of $341.11 million.

lululemon also announced today that after a five and half year tenure Christine Day will step down as the Company’s Chief Executive Officer when a successor is named. The Board has formed a search committee and enacted its CEO succession plan. Ms. Day’s decision is being announced at this time so the Board has the benefit of a healthy transition period, and can openly use that time for a thorough search for the next CEO.

lululemon athletica, inc. sees Q2 2013 EPS of $0.33-0.35, versus the consensus of $0.33. lululemon athletica, inc. sees Q2 2013 revenue of $340-345 million, versus the consensus of $328.9 million.

lululemon athletica, inc. sees FY2013 EPS of $1.96-2.01, versus the consensus of $1.99. lululemon athletica, inc. sees FY2013 revenue of $1.645-1.665 billion, versus the consensus of $1.64 billion.

For earnings history and earnings-related data on lululemon athletica, inc. (LULU) click here.

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