Skip to main content

Shares of athleisure maker Lululemon Athletica (LULU) - Get lululemon athletica inc. Report jumped more than 4% Thursday after the company posted fiscal first-quarter earnings and sales that beat analysts' forecasts, and lifted its full-year outlook.

The Vancouver-based producer and retailer of yoga pants and other athletic lifestyle clothing and accessories said it earned $96.6 million, or 74 cents a share, vs. $75.2 million, or 55 cents a share, in the comparable year-earlier period. Analysts polled by FactSet had been expecting per-share earnings of 71 cents a share.

Revenue rose by 20% to $782.3 million, topping estimates of $756 million. Comparable-store sales rose 6%.

Scroll to Continue

TheStreet Recommends

"Lululemon continues to see strong momentum across the entire business," said CEO Calvin McDonald.

For the second quarter, Lululemon said it expects to earn between 86 cents and 88 cents a share on revenue of $825 million to $835 million. Analysts are calling for earnings of 88 cents a share on revenue of $835 million.

The company now expects full fiscal-year profit of between $4.51 and $4.58 a share, up from its previous guidance of between $4.48 and $4.55 a share, on revenue of between $3.73 billion and $3.77 billion.

Shares of Lululemon were up 4.21% to $178.08 in trading on the New York Stock Exchange.