Lululemon crossed $1 billion revenue

Lululemon Athletica Inc. beats expectations again in its fiscal fourth quarter, with earnings up 34% and sales jumping more than 50% as reported by several international news sites.

Lululemon Athletica Inc

Image Credit: us.fashionmag.com

The Vancouver-based yoga-wear maker hit $1 billion in revenue for the fiscal year ended Jan. 29 and said it expects to top that in its current fiscal year with revenue in the range of $1.3-$1.325 billion.

Lululemon, which has posted sales growth now for 12 consecutive quarters, is guiding for first-quarter revenue of $265-$270 million and earnings of 28-29 cents a share. For the current fiscal year, the retailer puts earnings at $1.50-$1.57 a share.

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