Shares of Lululemon Athletica Inc. rose 6.1 percent Thursday following a fourth-quarter report that was better than analysts expected and the disclosure of an international infrastructure plan for overseas expansion.
For the three months ended Feb. 2, net income rose 0.3 percent to $109.7 million, or 75 cents a diluted share, from $109.4 million, or 75 cents, a year ago. The consensus estimate was 72 cents. Net revenue gained 7.3 percent to $521 million from $485.5 million. Analysts were expecting $515.1 million for the quarter. Comparable-store sales fell 2 percent in the period, but total comps including direct-to-consumer rose 4 percent.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)