Lululemon Q4 Net Rises; Guidance Cut on Pants Error
Lululemon athletica's results for Q4 and 2012 have been released. For the quarter, net revenue advanced 31% on a year-over-year basis, to $485.5 million. Net profit also increased, landing at $109.4 million ($0.75 per diluted share) from Q4 2011's $73.5 million ($0.51), for a gain of nearly 50%.
That per-share net profit in the most recent quarter beat the average analyst estimate by $0.01.
For the full year, top line was $1.4 billion, 37% higher than the year-ago figure of $1.0 billion. Net income grew 47%, to $270.6 million ($1.85 per diluted share). The 2011 bottom line was $184.1 million ($1.27).
Lululemon also updated its Q1 and 2013 guidance following a large-scale recall of yoga pants announced earlier this week, which will negatively impact revenue and earnings. The company cut its expectations for Q1, to $333 million-$343 million in net revenue, and diluted EPS of $0.28-$0.30. For the full year, these were sliced to $1.615 billion-$1.640 billion, and $1.95-$1.99, respectively.
The article Lululemon Q4 Net Rises; Guidance Cut on Pants Error originally appeared on Fool.com.Fool contributor Eric Volkman has no position in lululemon athletica. The Motley Fool recommends lululemon athletica. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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