Lululemon Athletica's Q4 2023: Strong Revenue Growth and Profit Surge
Financial Highlights:
Athletic wear company Lululemon Athletica (NASDAQ: LULU) reported impressive financial results, including a 16% increase in Q4 2023 revenues to $3.2 billion.
Net income surged to $669.5 million, marking substantial growth from the previous year.
Guidance for Q1 2024:
The company foresees net revenue between $2.175 billion to $2.200 billion, with earnings per share projected in the range of $2.35 to $2.40 for the quarter.
CEO's Perspective:
Lululemon's CEO Calvin McDonald highlighted the ongoing momentum in various areas, emphasizing the company's focus on seizing growth opportunities through innovation and brand activations.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.