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Lululemon makes ‘meaningful progress’ in second quarter
Although Lululemon CEO Laurent Potdevin recognizes that there is still much to be done, he praised the company’s “meaningful” progress on building a scalable foundation for its next phase of global growth.
Net revenue for the quarter increased 13% to $390.7 million from $344.5 million in the second quarter last year.
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Restoration Hardware beats Q2 profit estimates
Corte Madera, Calif. – Restoration Hardware Holdings Inc. beat consensus analyst estimates by swinging from a net loss to profit in the second quarter of fiscal 2014, but had smaller-than-expected sales growth.
The upscale home furnishings retailer reported net income of $27.3 million, compared to net loss of $17.8 million during the same period a year earlier.