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CG Stocks Assessment- Allison Transmission Holdings Inc (ALSN), Lululemon Athletica inc. (LULU)

Shares of Allison Transmission Holdings Inc (NYSE:ALSN) ended Tuesday session in red amid volatile trading. The shares closed down -0.25 points or -0.88% at $28.10 with 1.42 million shares getting traded. Post opening the session at $28.34, the shares hit an intraday low of $28.00 and an intraday high of $28.36 and the price vacillated in this range throughout the day. The company has a market cap of $4.69 billion and the numbers of outstanding shares have been calculated to be 167.54 million shares.

Allison Transmission Holdings Inc (ALSN) and VanDyne SuperTurbo Inc. announced a collaboration to co-develop a vehicle demonstrator. The companies plan to leverage the unique performance benefits of VanDyne’s mechanically driven turbocharger in combination with Allison’s TC10® transmission in a Class 8 tractor.

Through the deployment of advanced control techniques, the two technologies will maximize the benefits of engine downspeeding, efficient supercharging and turbo compounding. The primary objective of the collaboration is to demonstrate how these two products, when paired with an intelligently controlled vehicle, can reduce carbon dioxide emissions and improve fuel efficiency without sacrificing performance.

With an innovative design, the fully automatic TC10 combines Allison’s torque converter with a unique twin countershaft gear scheme.  This combination provides both full power shifts and cruising fuel economy for greater productivity and efficiency. The transmission is ideal for tractor applications and is extremely well-suited for distribution applications where the tractor-trailer splits its work cycle between city and highway conditions.

Shares of Lululemon Athletica inc. (NASDAQ:LULU) ended Tuesday session in red amid volatile trading. The shares closed down -1.05 points or -1.82% at $56.76 with 2.49 million shares getting traded. Post opening the session at $57.74, the shares hit an intraday low of $56.60 and an intraday high of $58.04 and the price vacillated in this range throughout the day. The company has a market cap of $7.71 billion and the numbers of outstanding shares have been calculated to be 127.26 million shares.

Lululemon Athletica inc. (LULU) announced financial results for the second quarter ended July 31, 2016.

For the second quarter ended July 31, 2016:

Net revenue increased by 14% to $514.5 million from $453.0 million in the second quarter of fiscal 2015, or increased by 15% on a constant dollar basis.

Total comparable sales, which includes comparable store sales and direct to consumer, increased by 4%, or by 5% on a constant dollar basis.

Comparable store sales increased by 3%, or by 4% on a constant dollar basis.

Direct to consumer net revenue increased by 6% to $87.4 million, or by 7% on a constant dollar basis. In the second quarter of fiscal 2015 we held an online warehouse sale. Excluding the impact of this online warehouse sale, direct to consumer net revenue would have increased by 16%.

Gross profit increased by 20% to $254.2 million, and as a percentage of net revenue gross profit was 49.4% compared to 46.8% in the second quarter of fiscal 2015.

Income from operations increased by 11% to $74.0 million from $66.6 million in the second quarter of fiscal 2015, and as a percentage of net revenue was 14.4% compared to 14.7% of net revenue in the second quarter of fiscal 2015.

Income tax expense was $20.9 million, which included a net income tax recovery of $1.9 million related to the Company’s transfer pricing arrangements and the associated plan to repatriate foreign earnings. In addition, there was a related net interest expense of $0.3 million. The effective tax rate in the second quarter of fiscal 2016 was 28.1% compared to 29.3% in the second quarter of fiscal 2015. Excluding the above tax and related interest adjustments, the effective tax rate was 30.5% in the second quarter of fiscal 2016.

Diluted earnings per share for the second quarter of fiscal 2016 were $0.39 compared to $0.34 in the second quarter of fiscal 2015. Excluding the above tax and related interest adjustments, diluted earnings per share were $0.38 for the second quarter of fiscal 2016.

During the second quarter of fiscal 2016, the Company repurchased 0.2 million shares of the Company’s common stock at an average cost of $63.65 per share, completing our approved stock repurchase program.

 

 

 

 

About Steve Johnson

Steve Johnson was previously writing news on part time basis with many consumer goods websites. Now Steve Johnson is writing columns with us on consumer goods. He has no match the way he presents the news on consumer goods. Customers like his news, analysis and predictions.

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