Earnings

Lululemon (LULU) earnings Q4 2023

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Lululemon on Thursday reported holiday earnings that topped expectations, but the athletic apparel retailer’s guidance came in below estimates as its growth in North America stagnates.

Here’s how the company did in its fourth fiscal quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG, formerly known as Refinitiv:

  • Earnings per share: $5.29 vs. $5.00 expected
  • Revenue: $3.21 billion vs. $3.19 billion expected

The company’s reported net income for the three-month period that ended Jan. 28 was $669.5 million, or $5.29 per share, compared with $119.8 million, or 94 cents per share, a year earlier. 

Sales rose to $3.21 billion, up about 16% from $2.77…



Source cnbc.com

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