Lululemon Athletica Q4 profit risesChristian Fernsby ▼ | March 27, 2020
Lululemon Athletica on Thursday reported a fourth-quarter profit that rose from a year ago, driven largely by strong revenues and gross margin improvement.
Lululemon Athletica Moving ahead, the yoga apparel maker did not provide any outlook
Topics: Lululemon Athletica
Lululemon's fourth-quarter profit rose to $298.0 million or $2.28 per share from $218.5 million or $1.65 per share last year.
Revenues for the quarter jumped 20% to $1.40 billion from $1.17 billion last year.
Total comparable sales increased 20 percent, with comparable store sales up 9 percent and direct to consumer revenues up 41 percent.
Gross margin improved 70 basis points to 58.0 percent. ■