Lululemon Athletica Inc. (LULU) PT Lowered to $65 at Oppenheimer Following 4Q
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lululemon athletica inc. Announces Fourth Quarter and Full Year Fiscal 2016 Results
March 29, 2017 4:05 PM EDTVANCOUVER, British Columbia--(BUSINESS WIRE)-- lululemon athletica inc. (NASDAQ: LULU) today announced financial results for the fourth quarter and fiscal year ended January 29, 2017.
For the fourth quarter ended January 29, 2017:
Net revenue increased 12% to $789.9 million from $704.3 million in the fourth quarter of fiscal 2015. On a constant dollar basis, net revenue increased 12%. Total comparable sales, which includes comparable store sales and direct to consumer, increased 8%, or by 7% on a constant dollar basis. Comparable store sales increased 6%, or by 6% on a constant dollar basis.... More