Home / Knowledge / News / Apparel/Garments / Lululemon revenue climbs 26% in Q4FY18

Lululemon revenue climbs 26% in Q4FY18

05
Apr '19
Pic: Lululemon Athletica
Pic: Lululemon Athletica
The net revenue of Lululemon Athletica during the fourth quarter of fiscal 2018 has been recorded at $1.2 billion, an increase of 26 per cent compared to the fourth quarter of fiscal 2017. On a constant dollar basis, net revenue improved 27 per cent. For fiscal 2018, net revenue was $3.3 billion, a rise of 24 per cent compared to fiscal 2017.

Excluding net revenue from the 53rd week of fiscal 2018, total comparable sales increased 16 per cent, or increased 17 per cent on a constant dollar basis during the fourth quarter. Comparable store sales grew 6 per cent or 7 per cent on a constant dollar basis. Direct to consumer net revenue soared 37 per cent or 39 per cent on a constant dollar basis.

Gross profit was $668.6 million, an increase of 28 per cent compared to the fourth quarter of fiscal 2017. It increased 28 per cent compared adjusted gross profit in the fourth quarter of fiscal 2017.

Excluding net revenue from the 53rd week of fiscal 2018, total comparable sales increased 18 per cent during fiscal 2018. Comparable store sales improved 7 per cent or 8 per cent on a constant dollar basis. Direct to consumer net revenue climbed 45 per cent or increased 46 per cent on a constant dollar basis.

Gross profit was $1.8 billion, an increase of 30 per cent compared to fiscal 2017. It increased 29 per cent compared to adjusted gross profit in fiscal 2017.

"Lululemon has delivered one of its strongest years yet, a result of broad-based strength across the business. I'm thrilled that we achieved several of our 2020 goals ahead of schedule, and want to thank our teams for their passion, hard work and connection with our guests every day. We are energized to build upon our momentum and to seize the many opportunities ahead for Lululemon around the world," Calvin McDonald, chief executive officer, said.

For the first quarter of fiscal 2019, the company expects net revenue to be in the range of $740 million to $750 million based on a total comparable sales increase in the low-double digits on a constant dollar basis. Diluted earnings per share are projected to be in the range of $0.68 to $0.70 for the quarter.

For fiscal 2019, the net revenue is likely to be in the range of $3.700 billion to $3.740 billion based on a total comparable sales increase in the low-double digits on a constant dollar basis. Diluted earnings per share are expected to be in the range of $4.48 to $4.55 for the full year. This guidance assumes 132 million diluted weighted-average shares outstanding and a 28 per cent tax rate. The guidance does not reflect potential future repurchases of the Company's shares. (RR)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 16th Oct 2021

China's economic growth reflects strong resilience, vitality: Li

Premier Li Keqiang has said China is capable and confident of...

Pic: Shutterstock

Apparel/Garments | On 16th Oct 2021

BGMEA urges Bangladesh govt to reskill & upskill RMG workers

The Bangladesh Garment Manufacturers and Exporters Association...

Pic: Shutterstock

Retail | On 16th Oct 2021

UK retail sales rises by 0.6% in Sep 2021; figure 5.6% in Sep 2020

Total UK retail sales rose by 0.6 per cent in September this year...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Fabric selection & recommendation based on client's brief

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry with brand ethos

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchains will be in heavy use by early adopters by 2025

Gus Bartholomew,

Gus Bartholomew

<b>Gus Bartholomew</b>, co-founder of SupplyCompass, explains to <b>Subir...

Bharat Ahuja,

Bharat Ahuja

A mono store brand, <b>Bharat Ahuja's</b> Desire Design Studio has emerged ...

Shyam Gupta,

Shyam Gupta

Established by <b>Shyam Gupta</b> in 1978, Gargee Designer's (GD) offers...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Dr Anup Rakshit, ITTA

Dr Anup Rakshit
ITTA

The Indian Technical Textile Association (ITTA) is the only association of ...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

<b>Ruma Devi i</b>s a jet-setting promoter of artisans who has empowered...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by <b>Aprajita Toor</b> were born out of a deep desire to...

Abhishek Agarwal, Purple Style Labs

Abhishek Agarwal
Purple Style Labs

Late Indian fashion designer Wendell Rodricks, is known for his...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


October 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search