lululemon athletica (LULU) Tops Q4 EPS by 5c; Guides Q1 EPS Below Expectations

lululemon athletica (NASDAQ: LULU) reported Q4 EPS of $0.85, $0.05 better than the analyst estimate of $0.80. Revenue for the quarter came in at $704.3 million versus the consensus estimate of $693.38 million.

• Total comparable sales, which includes comparable store sales and direct to consumer, increased by 11% for the fourth quarter on a constant dollar basis.
• Comparable store sales for the fourth quarter increased by 5% on a constant dollar basis and direct to consumer net revenue increased 33% on a constant dollar basis.
• Direct to consumer net revenue increased 28% to $146.3 million, or 20.8% of total Company net revenue, in the fourth quarter of fiscal 2015, an increase from 19.0% of total Company net revenue in the fourth quarter of fiscal 2014.

GUIDANCE:

lululemon athletica sees Q1 2016 EPS of $0.28-$0.30, versus the consensus of $0.37. lululemon athletica sees Q1 2016 revenue of $483-488 million, versus the consensus of $485.2 million.

lululemon athletica sees FY2016 EPS of $2.05-$2.15, versus the consensus of $2.15. lululemon athletica sees FY2016 revenue of $2.285-2.335 billion, versus the consensus of $2.33 billion.

For earnings history and earnings-related data on lululemon athletica (LULU) click here.

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