Lululemon Manages Q4 Earnings Beat
Lululemon Athletica exceeded earnings and revenue expectations, driven by international growth and product innovation.
Upscale athletic apparel specialist Lululemon Athletica (NASDAQ:LULU) reported fourth-quarter 2024 earnings on Thursday, March 27, that topped analysts' consensus expectations. Earnings per share (EPS) was an impressive $6.14, eclipsing the $5.85 estimate. Meanwhile, Lululemon's revenue climbed to $3.61 billion, exceeding the forecasted $3.58 billion.
The company's strategic focus on global expansion and product innovation contributed to these results, marking a highly productive quarter. However, management's outlook for fiscal 2025 suggests there might be headwinds ahead.
Source: Lululemon Athletica. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year. pps = Percentage points.
