lululemon (LULU) Q4 Results Beat, But Weak Outlook Has Investors Guessing
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Price: $352.47 +1.43%
EPS Growth %: +5.3%
Financial Fact:
Income before provision for income taxes: 93.6M
Today's EPS Names:
MAXN, CSTR, ACU, More
EPS Growth %: +5.3%
Financial Fact:
Income before provision for income taxes: 93.6M
Today's EPS Names:
MAXN, CSTR, ACU, More
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lululemon athletica (Nasdaq: LULU) is showing a little weakness ahead of the bell today, despite strong results from the premium women's athletic wear company.
Net income in the quarter was $54.97 million, or $0.76 per share, which was a 93% increase from $28.45 million reported in the same period one-year earlier. On a normalized basis, EPS for the quarter was $0.64.
Revs jumped 52.8% from 160.61 million to $245.40 million.
Overall, the consensus was looking for EPS of $0.57 and revs of $238.98 million.
Inventory for the company ended at $57.469 million, a 30.4% increase from Q409.
Direct to customer sales improved 152% o $24.6 million, about 10% of total sales.
Looking ahead, lululemon sees Q111 EPS of $0.36 - $0.38 with revs of $175 - $180 million, versus the consensus EPS of $0.36 and revs of $179.27 million. For FY11, lululemon expects EPS of $1.90 - $2.00 and revs of $885 - $900 million, compared to consensus EPS of $1.86 and revs of $890.98 million.
LULU shares are down 2.4% pre-market today.
Net income in the quarter was $54.97 million, or $0.76 per share, which was a 93% increase from $28.45 million reported in the same period one-year earlier. On a normalized basis, EPS for the quarter was $0.64.
Revs jumped 52.8% from 160.61 million to $245.40 million.
Overall, the consensus was looking for EPS of $0.57 and revs of $238.98 million.
Inventory for the company ended at $57.469 million, a 30.4% increase from Q409.
Direct to customer sales improved 152% o $24.6 million, about 10% of total sales.
Looking ahead, lululemon sees Q111 EPS of $0.36 - $0.38 with revs of $175 - $180 million, versus the consensus EPS of $0.36 and revs of $179.27 million. For FY11, lululemon expects EPS of $1.90 - $2.00 and revs of $885 - $900 million, compared to consensus EPS of $1.86 and revs of $890.98 million.
LULU shares are down 2.4% pre-market today.
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