Lululemon Sizzles With Q4 Earnings, Revenue, and Comps Beats
Casual and exercise clothing company lululemon athletica (NASDAQ: LULU) posted its fourth-quarter and full-year fiscal 2020 results Tuesday after market close, flexing its muscles by coming in ahead of analyst consensus predictions. Wall Street expected the fast-growing enterprise to report adjusted earnings per share of $2.49, but the actual $2.58 adjusted EPS delivered a 3.6% positive surprise, beating by $0.09.
Lululemon came out ahead of expectations for the top line and comparable sales, or comps, too. Revenue of $1.7 billion for Q4 2020 rose 24% year over year, according to the company press release, and beat analyst predictions by $70 million, a narrower win than EPS but still surpassing Wall Street's calculations. Significantly, analysts expected comps to gain 12% year over year, but comparable sales actually grew a blistering 21% from Q4 2019.
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Source Fool.com
