1 Number You Missed From Lululemon's Monster Quarter
During its fiscal 2022 fourth quarter, ended Jan. 29, Lululemon's (NASDAQ: LULU) revenue surged 30% year over year to $2.8 billion. Comparable sales were up 27%. And management provided upbeat guidance for fiscal 2023, expecting sales to grow 15%. All of this sent the stock soaring following the positive news.
But there's one piece of information that shareholders probably missed from the athleisure pioneer's recent financials, and it might change your perspective about the leadership team. Let's take a closer look at what investors need to know about this top apparel stock.
While Lululemon's revenue showed an impressive gain, the company's net income in Q4 2022 of $119.8 million was down 72% from $434.5 million in the prior-year period. For a business like Lululemon that has increased its earnings at a remarkable clip over the past decade, this figure was a curveball for shareholders.
Source Fool.com
