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Article Date: March 2017
Word Count: 585

Lululemon Bucks Retail Headwinds with Strong Q4


The lulunatics reported net income of $136,125,000, up 16% from $117,416,000 for the 13 weeks ended Jan. 29 as sales gained 12% to $789,940,000 from $704,276,000 with overall comps up 8% in the period on a 6% improvement in the brick-and-mortar stores and a 12% rise in the digital channel to $164.3 million. However, the stock plunged on a weak outlook for Q1, when LULU said it expected comps overall to be off low-single digits on weaker than expected e-commerce sales that it said were caused by a lack of color in the assortment and sub-par visual merchandising on the ... Log in to view full article.

 


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