Lululemon Athletica (NASDAQ: LULU) has reported a double-digit improve in revenues for the fourth quarter of 2024. For the FY25 first quarter, the athletic put on firm expects a 6-7% development in web gross sales.
Fourth-quarter revenue elevated to $748.8 million or $6.14 per share from $669.5 million or $5.29 per share in the identical interval final yr. Gross revenue elevated 15% year-over-year to $2.2 billion. The corporate reported web revenues of $3.6 billion for the January quarter, up 13% from the prior-year quarter. Comparable gross sales, excluding web income from the 53rd week of 2024, elevated 3%.
For the primary quarter of 2025, the corporate expects web income to be within the vary of $2.335 billion to $2.355 billion, and earnings per share between $2.53 and $2.58. For the entire of fiscal 2025, the administration expects income to be within the $11.15-$11.30 billion vary. The steering for full-year earnings per share is $14.95-$15.15.
“Our performance demonstrates the ongoing strength and resilience of Lululemon and is a testament to the passion and dedication of our teams around the world. As we begin 2025, we remain focused on executing on our Power of Three ×2 growth plan and delivering an exciting pipeline of innovation and brand activations for our guests and communities,” mentioned Calvin McDonald, chief govt officer of Lululemon.
