Lululemon shares surge after reporting 30% jump in Q4 revenue - National | Globalnews.ca

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Lululemon shares surge after reporting 30% jump in Q4 revenue

. 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.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.

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.11-year-old dead by suicide, one of 13 who’ve died in Alberta child welfare system so far this year 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.

 

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