Lululemon Stock Leaps After Q4 Earnings Beat, Solid 2022 Outlook

Lululemon Athletica ((LULU) –Get Lululemon Athletica Inc Report shares jumped firmly higher Wednesday after it posted stronger-than-expected fourth quarter earnings and said it could offset input cost increases with’selective’ price hikes for its athletic and leisure apparel.

Vancouver-based Lululemon said 2022 revenues would likely come in between $ 7.49 billion and $ 7.62 billion, with adjusted profits in the region of $ 9.15 and $ 9.35 per share, following a robust holiday quarter that saw sales rise 23% to $ 2.13 billion even as some of it north American stores remained hit by Covid-linked closures and reduced shopping hours.

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