lululemon (LULU) Stock Jumps 7% on Q4 Beat and Raise, $1B Buyback

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Go back to lululemon (LULU) Stock Jumps 7% on Q4 Beat and Raise, $1B Buyback

Lululemon forecasts strong 2022, plans selective price hikes

March 29, 2022 4:18 PM EDT

By Ananya Mariam Rajesh

(Reuters) -Lululemon Athletica on Tuesday forecast full-year profit and revenue above estimates as demand for athletic wear remains consistent even as people return to offices, and said it plans selective price increases on some of its products.

Shares of the yogawear maker rose about 8% in extended trading as the company also posted better-than-expected fourth-quarter adjusted earnings despite reduced store hours due to an increase in Omicron infections.

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lululemon athletica (LULU) Tops Q4 EPS by 10c, Offers Strong Guidance

March 29, 2022 4:07 PM EDT

lululemon athletica (NASDAQ: LULU) reported Q4 EPS of $3.37, $0.10 better than the analyst estimate of $3.27. Revenue for the quarter came in at $2.1 billion versus the consensus estimate of $2.13 billion.

GUIDANCE:

lululemon athletica sees Q1 2022 EPS of $1.38-$1.43, versus the consensus of $1.29.... More