March 26 (Reuters) - Lululemon Athletica Inc LULU.O on Thursday beat Wall Road estimates for quarte
March 26 (Reuters) – Lululemon Athletica Inc LULU.O on Thursday beat Wall Road estimates for quarterly income, helped by robust demand for its yoga put on and athleisure attire in the course of the busy vacation season.
Nevertheless, Vancouver-based Lululemon, which quickly closed its shops in China and america to include the unfold of the coronavirus, didn’t present a forecast for the present fiscal yr.
Whole income rose 19.7% to $1.40 billion within the fourth quarter ended Feb. 2. Analysts on common had estimated income of $1.38 billion, based on IBES information from Refinitiv.
The corporate’s internet earnings rose to $298 million, or $2.28 per share, from $218.5 million, or $1.65 per share, a yr earlier.
(Reporting by Nivedita Balu in Bengaluru; Enhancing by Maju Samuel)
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