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Lululemon Athletica announced earnings per share of $3.37 on revenue of $2.13 billion. Analysts polled by Investing.com anticipated EPS of $3.27 on revenue of $2.13 billion.
The company’s total comparable sales increased 22% in the quarter, with comparable store sales increasing 32%. Furthermore, direct-to-consumer net revenue rose 17%.
“2021 was another successful year for lululemon, which speaks to the enduring strength of our brand and our ability to deliver sustained growth across the business,” said Calvin McDonald, Lululemon’s CEO.
Lululemon has also authorized a new stock repurchase program of up to $1 billion.
Looking ahead, the company sees first-quarter fiscal 2022 revenue between $1.52 billion and $1.55 billion, with earnings per share in the range of $1.38 to $1.43.
For fiscal 2022, it expects revenue to be in the range of $7.49 billion to $7.61 billion, representing growth of 20% to 22%, with earnings per share between $9.15 to $9.35.
“We are entering the new year from a position of strength, which we’ll build upon to continue delivering for our guests and shareholders in the years to come,” added McDonald.
Lululemon Athletica shares gained 4% in after-hours trade following the report.
