The stock was rising 8.53% to $12.52 a share in postmarket trading Wednesday following the release of its fiscal fourth quarter report. Shares closed the day's trading up 2.3%.
Earnings per share came in at $1.85 on an adjusted basis, beating analyst expectations of $1.75. The earnings result is a 39% year-over-year increase. Revenue rose 26% year-over-year to $1.2 billion, beating analysts expectations of $1.15 billion. And same-store sales grew 16%, but 17% on a constant dollar basis, against expectations of 16%.
Management guided for fiscal first quarter 2019 revenue to be in a range between $740 million to $750 million, versus expectations of $744 million. The company is expecting EPS for the quarter of between 68 cents and 70 cents, beating expectations of 67 cents.
The company will also be executing a $500 million share buyback program.
"Lululemon has delivered one of its strongest years yet, a result of broad-based strength across the business," said CEO Calvin Mcdonald. "I'm thrilled that we achieved several of our 2020 goals ahead of schedule."
Lululemon's stock is up 18.6% year-to-date.
Will You Have Enough Money to Retire?
Want to learn about retirement planning from some of the nation's top experts? Join TheStreet's Robert "Mr. Retirement" Powell live in New York on April 6 for our Retirement Strategies Symposium. For a limited time, tickets are available for $99 for this full-day event. Check out the agenda, learn about the speakers and sign up here.