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