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Article Date: March 2019
Word Count: 776

Lululemon Still Making Lemonade in Q4


The lulunatics had net income of $218,465,000, up 82% from last year’s $119,761,000 on a sales increase of 26% to $1,167,458,000 compared to $928,802,000 that saw comparable store sales grow 6% and digital revenue leaping another 37%. This year’s results reflected one-time tax charges from U.S. tax reform totaling $26.0 million and charges last year of $58.4 million from tax reform and restructuring. Last year also included an extra week of sales. A new $500 million stock buyback coupled with a forecast that saw no slowdown in momentum boosted the stock $3.25 in late trading. It sees sales of $3.70-3.74 ... Log in to view full article.

 


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