Lululemon shares up more than 10% after reporting Q4 revenue up 30% from year ago

Shares of Lululemon Athletica Inc. climbed more than 10 per cent in early trading after the company reported its net revenue for its fourth quarter rose 30 per cent compared with a year ago.
Shares in the retailer were up US$46.96 at US$367.27 in early trading on the Nasdaq market.
Lululemon, which keeps its books in U.S. dollars, reported after the close of markets Tuesday that it earned net income of US$119.8 million or 94 cents per diluted share for the quarter ended Jan. 29 as it recorded post-tax impairment and other charges related to its Mirror business totalling US$442.7 million.
The company earned US$434.5 million or US$3.36 per diluted share in the same quarter a year earlier.
On an adjusted basis, the company says it earned US$4.40 per diluted share in its latest quarter, up from an adjusted profit of US$3.37 per diluted share a year earlier.
Net revenue for the quarter totalled US$2.77 billion, up from US$2.13 billion.
In its outlook, Lululemon says it expects revenue in the first quarter of its 2023 financial year to be in a range of US$1.89 billion to US$1.93 billion. Diluted earnings per share are expected to be in a range of US$1.93 to US$2 for the quarter.
CTVNews.ca Top Stories
Early estimates indicate 200 structures damaged in Halifax-area wildfire
Approximately 200 homes or structures have been damaged by the wildfire that began burning Sunday in the Upper Tantallon, N.S., area, according to preliminary estimates.

Danielle Smith's UCP holds onto power in Alberta
Danielle Smith is still the premier of Alberta, surviving a vigorous campaign and a tight vote Monday against NDP challenger Rachel Notley.
Lone tenant in a $400-a-month apartment could hold up major Montreal condo project
Carla White is the only remaining tenant in her building, which is slated to be demolished to make room for a 176-unit condo project. But in order to move forward, the developer must reach an agreement with White -- and she says she won't leave until she's provided with a home that offers the long-term stability she needs to ensure she won't end up back on the streets.
opinion | Find out how much contribution room is left in your RESP to avoid penalties
Opening a Registered Education Savings Plan (RESP) is a great way to fund your child’s future education. Personal finance contributor Christopher Liew outlines the contribution rules for RESPs and explains how to find out how much contribution room you have left so that you can avoid penalties.
Russia says drones lightly damage Moscow buildings before dawn, while Ukraine's capital bombarded
A rare drone attack jolted Moscow early Tuesday, causing only light damage but forcing evacuations as residential buildings were struck in the Russian capital for the first time in the war against Ukraine. The Kremlin, meanwhile, pursued its relentless bombardment of Kyiv with a third assault on the city in 24 hours.
Taipei's hottest new menu item is a 14-legged crustacean
A 14-legged giant isopod is the highlight of a new dish at a ramen restaurant in Taipei and it has people queuing up—both for pictures and for a bite from this bowl of noodles.
China launches new crew for space station, with eye to putting astronauts on moon before 2030
China launched a new three-person crew for its orbiting space station on Tuesday, with an eye to putting astronauts on the moon before the end of the decade.
U.K. government fights demand to hand over Boris Johnson's messages to COVID-19 inquiry
As Britain's prime minister, Boris Johnson established an independent inquiry into the government's handling of the COVID-19 pandemic. Now the inquiry wants to see, in full, what Johnson wrote to other U.K. officials as the outbreak raged -- but the government is fighting a demand to hand over the material.
Sister Wilhelmina Lancaster: Nun's body shows little decay since 2019 death
Hundreds of people flocked to a small town in Missouri this week and last to see a Black nun whose body has barely decomposed since 2019. Some say it's a sign of holiness in Catholicism, while others say the lack of decomposition may not be as rare as people think.