Lululemon Athletica Inc. beat earnings estimates for its fiscal fourth quarter. It is hopeful that its online sales would catapult earnings to a level higher than expected for the full-year.
For the three months ended February 3, the athletic apparel retailer reported earnings of $1.85 per share, which surpassed the Street estimates of $1.74. The earnings-per-share also represents a +39% surge from the year-ago quarter.
Group revenues for the quarter climbed +26% year-over-year to $1.17 billion. The company’s same-store sales increased +16% and its online shipments rose + 37%.
For the full year, Lululemon predicts earnings in the range of $4.48 to $4.55 per share, almost a $1 higher compared to the high end of analysts' projection.
Lululemon shares traded +16.4% higher Thursday.