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• Lululemon Athletica dropped 14% to $413.0 after the athleisure retailer reported strong holiday quarter sales, but its outlook for the current quarter fell short of analysts' expectations. 
  
  Net revenue in the fiscal fourth quarter ending in January increased 16% to $3.2 billion from $2.8 billion. 
  
  Net revenues in the Americas increased at a slower pace of 9%, driven by a 7% increase in comparable sales. 
  
  International revenue soared 54%, and comparable sales soared 43%, driven by a rebound in activities after China ended its COVID-19 restric More
  
  Mar 23, 2024
• Lululemon Athletica dropped 14% to $413.0 after the athleisure retailer reported strong holiday quarter sales, but its outlook for the current quarter fell short of analysts' expectations. 
  
  Net revenue in the fiscal fourth quarter ending in January increased 16% to $3.2 billion from $2.8 billion. 
  
  Net revenues in the Americas increased at a slower pace of 9%, driven by a 7% increase in comparable sales. 
  
  International revenue soared 54%, and comparable sales soared 43%, driven by a rebound in activities after China ended its COVID-19 restrictions. 
  
  Net income jumped to $669.4 million from $119.8 million, and diluted earnings per share advanced to $5.30 from 94 cents a year ago. 
  
  Inventories at the end of 2023 decreased by 9% to $1.3 billion, compared to $1.4 billion at the end of 2022. 
  
  For the first quarter of 2024, the company expects net revenue to be in the range of $2.175 billion to $2.200 billion, representing growth of 9% to 10%. 
  
  In the quarter, diluted earnings per share are expected to be in the range of $2.35 to $2.40.
  
  For the full-year 2024, the retailer expects net revenue to be in the range of $10.7 billion to $10.8 billion, representing growth of 11% to 12%, or 10% to 11% excluding the 53rd week of 2024. 
  
  For the full-year 2024, diluted earnings per share are expected to be in the range of $14.00 to $14.20.  Less
  
  Mar 23, 2024


• Luluemlon Athletica decreased 2% to $454.67 after the specialty apparel retailer reported quarterly results and issued a weaker-than-expected holiday sales outlook.
  
  Total revenue in the fiscal third quarter ending in October increased 19% to $2.2 billion, driven by a 12% sales increase in North America and a 49% surge in international markets.
  
  Comparable sales increased by 9%, including comparable store sales of 9%, and direct-to-consumer sales soared by 18% from a year ago.
  
  Net income in the quarter decreased to $248.7 million from $255.5 million, and dil More
  
  Dec 8, 2023
• Luluemlon Athletica decreased 2% to $454.67 after the specialty apparel retailer reported quarterly results and issued a weaker-than-expected holiday sales outlook.
  
  Total revenue in the fiscal third quarter ending in October increased 19% to $2.2 billion, driven by a 12% sales increase in North America and a 49% surge in international markets.
  
  Comparable sales increased by 9%, including comparable store sales of 9%, and direct-to-consumer sales soared by 18% from a year ago.
  
  Net income in the quarter decreased to $248.7 million from $255.5 million, and diluted earnings per share fell to $1.97 from $2.0 a year ago.
  
  During the third quarter, the athletic apparel retailer purchased 0.6 million shares of its own common stock at an average price of $380.88 per share for a cost of $210.8 million.
  
  As of the end of the fiscal third quarter on October 29, the company had $243.2 million available for stock repurchase, and the board of directors approved an additional stock repurchase plan of up to $1.0 billion.
  
  The company offered a cautious sales growth outlook for the upcoming holiday season.
  
  For the fiscal fourth quarter, the retailer expects net revenue to be in the range of $3.135 billion to $3.170 billion, representing growth of 13% to 14%.
  
  Diluted earnings per share are expected to be in the range of $4.85 to $4.93 for the quarter, assuming a tax rate of approximately 30%. Less
  
  Dec 8, 2023

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