Lululemon Athletica Q4 Profit Beats Estimates - Quick Facts

(RTTNews) - lululemon athletica inc. (LULU) reported fourth-quarter net income attributable to company of $109.69 million, compared to $109.37 million, previous year. The fourth quarter of fiscal 2013 consisted of 13 weeks while the fourth quarter of fiscal 2012 consisted of 14 weeks. Earnings per share were $0.75, flat with a year ago.

On average, 33 analysts polled by Thomson Reuters expected the company to report profit per share of $0.72 for the quarter. Analysts' estimats typically exclude special items.

Net revenue increased 7% to $521.0 million from $485.5 million. Analysts expected revenue of $515.11 million for the quarter. Comparable stores sales for the fourth quarter decreased by 2% on a constant dollar basis. Total comparable sales, including comparable stores and direct to consumer, increased 4% for the fourth quarter on a constant dollar basis.

For the first quarter of fiscal 2014, the company expects net revenue to be in the range of $377 million to $382 million based on flat total combined comparable sales on a constant dollar basis. Earnings per share are expected to be in the range of $0.31 to $0.33 for the quarter. Analysts expect the company to report first-quarter earnings per share of $0.38 on revenue of $389.39 million.

For fiscal 2014, the company expects net revenue to be in the range of $1.770 billion to $1.820 billion based on a total combined comparable sales increase in the low to mid-single digits on a constant dollar basis. Earnings per share are expected to be in the range of $1.80 to $1.90 for the full year. Analysts expect the company to report fiscal 2014 earnings per share of $2.14 on revenue of $1.82 billion.