Athleisure apparel company Lululemon posted fourth quarter earnings that beat analysts’ expectations. However, the company provided a mixed 2021 guidance.
Lululemon’s earnings for the quarter came in at $2.58 per share, surpassing the $2.49 per share expected by analysts.
Revenue climbed +24% from the year-ago quarter to $1.7 billion, compared to analysts’ expectations of $1.66 billion.
For the first-quarter, the company expects earnings to range between 86 cents and 90 cents per share, above consensus estimates of 82 cents per share. However, the company’s earnings projection for the full year is between $6.30 and $6.45 per share, below consensus estimates of $6.71 per share.