Earning Alert - Lululemon Athletica (LULU): Q1 EPS of $0.32 beats by $0.01. Revenue of $285.7M (+53% Y/Y) beats by $16M - 6/7/12

Lululemon Athletica (LULU): Q1 EPS of $0.32 beats by $0.01. Revenue of $285.7M (+53% Y/Y) beats by $16M

Lululemon's (LULU) FQ1: Comparable-store sales rose 25% Y/Y. Direct to consumer revenue increased 179% to $38.4M. SG&A expenses as a percentage of revenue fell to 29.4%, from 31% a year ago. Sees Q2 EPS of $0.28-$0.30 vs. $0.33 and FY12 EPS of $1.55-$1.60 vs. $1.63 consensus. Shares -13.1% premarket

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