Comp growth negative at Lululemon


Lululemon (LULU) reports comparable-store sales fell 2% in FQ4.

Direct to consumer revenue increased to 18.8% of total sales, compared to 16.1% a year ago.

The company's gross profit rate dropped 300 bps to 53.5%.

Guidance for Q1 EPS is set at $0.31-$0.33 vs. $0.38 consensus.

LULU +1.2% premarket

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Comments (1)
  • mozibur
    , contributor
    Comments (2) | Send Message
     
    Q1 EPS guidance is very conservative.
    27 Mar 2014, 08:52 AM Reply Like
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