A Lululemon store in Pittsburgh is shown on Wednesday, Jan. 12, 2022. Shares of Lululemon Athletica Inc. climbed more than 10 per cent in early trading after the company reported its net revenue for its fourth quarter rose 30 per cent compared with a year ago.THE CANADIAN PRESS/AP/Gene J. Puskar
A Lululemon store in Pittsburgh is shown on Wednesday, Jan. 12, 2022. Shares of Lululemon Athletica Inc. climbed more than 10 per cent in early trading after the company reported its net revenue for its fourth quarter rose 30 per cent compared with a year ago.THE CANADIAN PRESS/AP/Gene J. Puskar
GPVANCOUVER - Shares of Lululemon Athletica Inc. climbed more than 10 per cent in early trading after the company reported its net revenue for its fourth quarter rose 30 per cent compared with a year ago.
Shares in the retailer were up US$46.96 at US$367.27 in early trading on the Nasdaq market.
Lululemon, which keeps its books in U.S. dollars, reported after the close of markets Tuesday that it earned net income of US$119.8 million or 94 cents per diluted share for the quarter ended Jan. 29 as it recorded post-tax impairment and other charges related to its Mirror business totalling US$442.7 million.
The company earned US$434.5 million or US$3.36 per diluted share in the same quarter a year earlier.
On an adjusted basis, the company says it earned US$4.40 per diluted share in its latest quarter, up from an adjusted profit of US$3.37 per diluted share a year earlier.
Net revenue for the quarter totalled US$2.77 billion, up from US$2.13 billion.
In its outlook, Lululemon says it expects revenue in the first quarter of its 2023 financial year to be in a range of US$1.89 billion to US$1.93 billion. Diluted earnings per share are expected to be in a range of US$1.93 to US$2 for the quarter.
This report by ºÃÉ«tvwas first published March 29, 2023.
The ºÃÉ«tv Press. All rights reserved.
Most ºÃÉ«tvs grow up with the dream of owning their own home—a milestone that me…
Sorry, an error occurred.
Already Subscribed!
Cancel anytime
Thank you .
Your account has been registered, and you are now logged in.
Check your email for details.
Submitting this form below will send a message to your email with a link to change your password.
An email message containing instructions on how to reset your password has been sent to the email address listed on your account.
No promotional rates found.
Secure & Encrypted
Thank you.
Your gift purchase was successful! Your purchase was successful, and you are now logged in.
| Rate: | |
| Tax: | |
| Today's total: | |
| Begins: | |
| Transaction ID: |
A receipt was sent to your email.
