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Lululemon reports better-than-expected top and bottom lines

By Liz Moyer

Investing.com -- Lululemon Athletica Inc (NASDAQ:LULU) shares jumped after the athleisure apparel maker beat expectations for revenue and profit in the fourth quarter.

Revenue in the quarter rose 30%, to $2.8 billion and adjusted profit was $4.40 a share. Analysts expected Lulu to report revenue of $2.7B on adjusted profit of $4.26B.

Shares of Lulu rose 9% in after-hours trading but are flat for the year.

The company also said full-year revenue rose 30% to $8.1B and adjusted EPS for the year was $10.07. Analysts expected revenue of $8B and adjusted full-year earnings per share of $9.90.

CEO Calvin McDonald said the strong results were driven by Lulu’s “innovative products, powerful guest experiences, and strategic market expansion." 

The company forecast fiscal first-quarter net revenue in a range of $1.89B to $1.93B and earnings per share of $1.93 to $2.00. For fiscal 2023 full year it expects revenue to be in a range of $9.3B to $9.41B and earnings per share of $11.50 to $11.72. 

Both forecasts are better than expected.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.