Lululemon Athletica's Q4 earnings and sales beat expectations.

 

Lululemon Athletica's Q4 earnings and sales beat expectations.   The company saw particularly strong growth in its direct-to-consumer (D2C) business, which is primarily e-commerce based. Lululemon posted revenue of $2.771B for Q4, up from $2.129 at the same time last year. Comparable store sales rose by 15%, while D2C revenue increased by 37%. Adjusted earnings per share stood at $4.40, surpassing expectations of $4.26. The athletic apparel retailer also gave upbeat forecasts for the new fiscal year and plans to double its net revenue by 2026.