Lululemon announces strong fourth quarter and full year earnings results
The company achieved record revenue of $1.79 billion for fiscal 2018, exceeding expectations across all key financial metrics and growth pillars.
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Technical athletic apparel, footwear, and accessories retailer
corporate.lululemon.comLast updated
In short: lululemon appointed Heidi O'Neill CEO and overhauled leadership after weak quarterly results and guidance cuts.
The company achieved record revenue of $1.79 billion for fiscal 2018, exceeding expectations across all key financial metrics and growth pillars.
The company aims to double business revenue to $12.5 billion by doubling men's and digital categories and quadrupling international expansion.
The company achieved $928.8M in net revenue, driven by 11% combined comp sales increases and digital revenue growth of 42%.
Total revenue rose 2% to $902.9 million driven by a 155% surge in e-commerce sales despite pandemic-related store closures and lower foot traffic.
Net income also declined from a year earlier, while the company lowered its fiscal 2026 revenue forecast to $10.35 billion to $10.50 billion.
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