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Lululemon's earnings top estimates on strong sales, but retailer won't offer outlook due to coronavirus pandemic

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Lululemon's earnings top estimates, but it won't provide outlook due to coronavirus

The athletic apparel maker is not providing a 2020 outlook, due to the uncertainty around COVID-19.

Here's how the company did during the fourth quarter compared with what analysts were expecting, based on Refinitiv data:Net income rose to $298 million, or $2.28 per share, from $218.5 million, or $1.65 a share, a year ago. That was better than the $2.24 per share analysts were expecting it to earn, based on Refinitiv data.

Same-store sales overall were up 20%, the company said. Digital sales surged 41% during the quarter. Men's revenue was up 32%, and women's was up 17%.

 

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I'm still questioning $200 a share, seems crazy.

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 /  🏆 12. in JP

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