According to financial results released this morning, Lululemon Athletica Inc.'s (TSX:LLL) net revenue for 2012's second quarter increased 33% to $282.6 million, up from $212.3 million in the same quarter last year.
Gross profit for the quarter increased 28% to $155.8 million.
Diluted earnings per share for the quarter were $0.39, compared with diluted earnings per share of $0.26 in the second quarter of 2011.
These results put the yoga wear giant's net revenue for the first two quarters of 2012 at $568.3 million, an increase of 42%, from $399.1 million in the same period of 2011.
Gross profit for the first two quarters of 2012 increased 35% to $313 million.
Christine Day, Lululemon's CEO, said, "We continue to strive for the right balance between strong growth and maintaining our market leader focus on execution, innovation and investments in infrastructure and while doing so delivered another strong quarter."
The company updated its outlook for the third quarter of 2012 and expects net revenue to be in the range of $300 million to $305 million.
For the full 2012 fiscal year, Lululemon now expects net revenue to be in the range of $1.345 billion to $1.360 billion.
