Lululemon Athletica Inc. (LULU) reported that its fourth-quarter net income attributable to the company rose to $109.4 million or $0.75 per share, from $73.5 million or $0.51 per share in the year ago quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.74 per share for the quarter. Analysts' estimates typically exclude special items.
Net revenue for the quarter increased 31% to $485.5 million from $371.5 million in the fourth quarter of fiscal 2011. Twenty two had consensus revenue estimate of $482.10 million for the quarter. Comparable stores sales for the fourth quarter increased by 10% on a constant dollar basis.
For the first quarter of fiscal 2013, the company expects net revenue to be in the range of $333 million to $343 million based on a comparable-store sales percentage increase between 5% and 8% on a constant-dollar basis. Earnings per share are expected to be in the range of $0.28 to $0.30 for the quarter. Analysts expect the company to report earnings of $0.40 per share on revenues of $344.99 million for the first-quarter.
The first quarter outlook reflects its current expectations of the impact from the black Luon issue, including lost revenue in the range of $12 million to $17 million, additional costs expected to be incurred and the write down of affected product on hand and expected to be received during the first half of 2013, resulting in a negative impact on earnings per share of $0.11 to $0.12.
For fiscal 2013, the company expects net revenue to be in the range of $1.615 billion to $1.640 billion and earnings per share of $1.95 to $1.99. Analysts expect the company to report earnings of $2.17 per share on revenues of $1.67 billion for fiscal 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.