Lululemon’s Q4 earnings top estimates on online sales surge
March 26, 2020
Lululemon Athletica Inc. reported net earnings rose 36.4 percent and slightly exceeded Wall Street’s targets. Same-store sales soared 20 percent, lifted by a 41 percent hike in online sales. Net revenue was $1.4 billion, an increase of 20 percent compared to the fourth quarter of fiscal 2018. Wall Street’s consensus estimate had been $1.38 billion. Read more on SGB Media.