lululemon athletica Beats Q4 Earnings Estimates; Current-Quarter Guidance Below Estimates

Lululemon athletica (NASDAQ: LULU  ) reported fiscal 2013 fourth-quarter and full-year earnings before the market opened this morning that topped Wall Street's expectations. However, much of this was offset by weak guidance for its fiscal 2014 first quarter.

For the three-month period ended Feb. 2, the athletic-apparel retailer reported a profit of $0.75 per diluted share, which was unchanged from the same quarter a year ago. Nevertheless, this was $0.03 ahead of analysts' estimates for earnings per share of $0.72 in the quarter.

Lululemon's net revenue increased 7% in the fourth quarter to $521 million, up from $485.5 million in the same quarter in fiscal 2012. This also beat the Street's estimate for quarterly revenue of $515.1 million. But the company's guidance for the current quarter fell short of estimates.

Source: The Motley Fool.

Management said it expects first-quarter EPS in the range of $0.31 to $0.33 to start off fiscal 2014, while analysts had forecast a profit of $0.38 a share.

This was the first earnings announcement since Laurent Potdevin replaced Christine Day as Lululemon Athletica CEO in January.

"2014 is an investment year with an emphasis on strengthening our foundation, reigniting our product engine, and accelerating sustainable and controlled global expansion," Potdevin said in a press release. "lululemon's magic has been built by creating technical beautiful product and sharing our distinct culture with our communities. The emotional connection that lululemon creates is at the heart of what we stand for, and we are being relentless in our commitment to delivering a distinct and authentic experience that is unlike any other."

Shares of Lululemon were up more than 8% as of 9:50 a.m., EDT.


Read/Post Comments (0) | Recommend This Article (4)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2892662, ~/Articles/ArticleHandler.aspx, 8/28/2015 1:31:31 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Tamara Rutter

I've been an analytical writer for The Motley Fool since 2011. I cover the sectors of Consumer Goods, Technology, and Industrials. Connect with me on Twitter using the handle, @TamaraRutter -- I'd love to hear from you!

Today's Market

updated 4 hours ago Sponsored by:
DOW 16,654.77 369.26 2.27%
S&P 500 1,987.66 47.15 2.43%
NASD 4,812.71 115.17 2.45%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

8/27/2015 4:00 PM
LULU $62.64 Up +2.33 +3.86%
Lululemon Athletic… CAPS Rating: ***