Lululemon Athletica Q4 2023 Financial Results: Striking Increase in Revenues and Profits
Friday, 22 March 2024, 14:24
Highlights:
Athletic wear company Lululemon Athletica (NASDAQ: LULU) reported significant growth in revenues and profits for the fourth quarter of 2023.
Key Points:
- Fourth-quarter revenues rose 16% year-over-year to $3.2 billion.
- Net income surged to $669.5 million, compared to $119.8 million last year.
- First-quarter 2024 guidance projects net revenue between $2.175 billion to $2.2 billion with expected earnings per share in the range of $2.35 to $2.40.
Lululemon’s CEO, Calvin McDonald, highlighted the company’s momentum and exciting prospects for 2024.
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.