Lululemon Athletica (Nasdaq: LULU ) reported earnings on March 21. Here are the numbers you need to know.
For the quarter ended Feb. 3 (Q4), Lululemon Athletica met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. GAAP earnings per share grew significantly.
Margins grew across the board.
Lululemon Athletica logged revenue of $485.5 million. The 22 analysts polled by S&P Capital IQ predicted sales of $482.1 million on the same basis. GAAP reported sales were 31% higher than the prior-year quarter's $371.5 million.
EPS came in at $0.75. The 22 earnings estimates compiled by S&P Capital IQ predicted $0.74 per share. GAAP EPS of $0.75 for Q4 were 47% higher than the prior-year quarter's $0.51 per share.
For the quarter, gross margin was 56.5%, 20 basis points better than the prior-year quarter. Operating margin was 31.4%, 20 basis points better than the prior-year quarter. Net margin was 22.5%, 270 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $341.2 million. On the bottom line, the average EPS estimate is $0.34.
Next year's average estimate for revenue is $1.64 billion. The average EPS estimate is $2.11.