Lululemon tops 4Q earnings and revenue expectations

British Columbia-based company reports net income of $117.4 million

Lululemon Athletica on Wednesday reported fiscal fourth-quarter net income of $117.4 million.

On a per-share basis, the Vancouver, British Columbia-based company said it had net income of 85 cents.

The results beat Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share.

The athletic apparel maker posted revenue of $704.3 million in the period, also surpassing Street forecasts. Twelve analysts surveyed by Zacks expected $692.2 million.

For the year, the company reported profit of $266 million, or $1.89 per share. Revenue was reported as $2.06 billion.

For the current quarter ending in May, Lululemon said it expected revenue in the range of $483 million to $488 million. Analysts surveyed by Zacks had expected revenue of $487.1 million.

The company expected full-year earnings to be $2.05 to $2.15 per share, with revenue ranging from $2.29 billion to $2.34 billion.

Lululemon shares have climbed 17% since the beginning of the year. The stock has decreased 5.5% in the last 12 months.

Add a comment

You must be to comment.

Brands Articles

SoFresh embraces its Canuck roots

A dairy alternative brand tries to make its U.S.-grown ingredients more Canadian

Plan Canada refreshes Gifts of Hope

Annual giving campaign positioned as perfect gift for the hard-to-shop-for

Amazon unveils a store with no checkout

Sensors register shoppers' items and automatically charge them to Amazon app

Wake-Ups return after 65-year advertising slumber

A caffeine pill with broad consumer market ambitions

Pickle Barrel shows local food some love

Why the Ontario casual dining brand upped its focus on fresh ingredients

Tourisme Montreal apologizes in advance

The city's 375th birthday celebrations will likely wake the neighbours all year

Baton Rouge introduces revamped restaurant format

Ontario location the first to get new look of 18 planned through 2018

The bear necessities of Freedom’s rebranding

With a new name and mascot, a challenger telco takes a softer approach

Air Miles backtracks on points cancellation plan

LoyaltyOne says legislative 'uncertainty' drove decision