Earnings

Lululemon (LULU) reports Q4 2019 earnings beat

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Lululemon announced Thursday fiscal fourth-quarter results that topped expectations, as its same-store sales surged 20% during the period, thanks, in part, to more men shopping in its stores and online. 

However, due to the uncertainty from the coronavirus pandemic, the yoga pants maker said it will not be providing a fiscal 2020 outlook at this time. Its stock fell about 2% in after-hours trading. 

Here’s how the company did during the fourth quarter compared with what analysts were expecting, based on Refinitiv data: 

  • Earnings per share: $2.28 vs. $2.24 expected
  • Revenue: $1.40 billion vs. $1.38 billion expected

Net income rose to $298 million, or $2.28 per share, from $218.5 million,…



Source cnbc.com

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