Net income rose 92% to $54,766,000 from $28,451,000 in the period ended Jan. 30. Top line grew 53% to $245,399,000 from $160,606,000 as comparable store sales rose 28% on a constant currency basis. Gross margins expanded 460 b.p. to 58.5% in Q4, bolstered by a 90 b.p. improvement in merchandise margins, leverage from non-merchandise areas and supply chain costs and 80 b.p. from a stronger Canadian dollar. For the full year, LULU posted a 108% gain in net income to $122,197,000 from $58,281,000. FY10 revenues were 57% higher at $711,704,000 versus $452,898,000 with e-commerce accounting for 10%, or $24.6 million, ... Log in to view full article.