Lululemon Sold A Billion Dollars Worth Of Yoga Gear Last Year, But Guidance Is Weak

lululemon yoga

Photo: Lululemon, Flickr

Yoga pants maker Lululemon reported Q4 EPS of $0.51, up from $0.38 a year ago.Analysts were looking for $0.49.

Net sales surged 51.4 per cent to $371.5 million, driven by 26 per cent comparable store sales growth.

Analysts were expecting $362 million in sales.

Full year net sales jumped 40.6 per cent to $1.0 billion.

“Reaching a billion dollars in revenue is clearly an important milestone that as a company we can all be very proud of,” said CEO Christine Day.

However, management’s guidance was a bit mixed.  The company expects to generate $265 million to $270 million in Q1 sales with at least 20 per cent comparable store sales growth.  EPS is expected to come in at $0.28 to $0.29.

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