Lululemon Athletica Inc. announced that it exceeded financial expectations for its fourth quarter, resulting in an increase in earnings from the previous year. The company reported earnings of $669.47 million, equivalent to $5.29 per share, a significant rise from last year's fourth-quarter earnings of $119.81 million, which equated to $0.94 per share.
Market analysts, on average, predicted the company would earn $5.00 per share, according to statistics compiled by Thomson Reuters. It should be noted that analysts' estimates usually do not include unique items.
Revenue for the company during this quarter also escalated by 15.9%, rising from $2.77 billion in the previous year to $3.21 billion.
Providing a snapshot of their financial highlights, Lululemon Athletica Inc.'s earnings for the fourth quarter were $669.47 million, in contrast to $119.81 million the previous year. The EPS for the fourth quarter was $5.29, compared to last year's $0.94. Quarterly revenue showed an increase from last year's $2.77 billion to a current value at $3.21 billion.
Looking ahead, Lululemon Athletica Inc. has provided guidance for the next quarter. It anticipates an EPS between $2.35 to $2.40 and revenue in the range of $2.175 to $2.200 billion.
