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Lululemon Athletica Q4 profit rises

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Christian 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
Lululemon Athletica   Moving ahead, the yoga apparel maker did not provide any outlook
Moving ahead, the yoga apparel maker did not provide any outlook due to the ongoing cornonavirus pandemic.

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.


 

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