Lululemon posted adjusted earnings in the quarter of $1.85 a share, topping analysts' estimates by 11 cents. Revenue rose 26% from a year earlier to $1.2 billion and beat analysts' expectations of $1.15 billion.
Same-store sales in the quarter jumped 16% (17% on a constant dollar basis) and matched expectations.
The company guided for fiscal first-quarter revenue of $740 million to $750 million vs. expectations of $744 million. Lululemon said it expects earnings of 68 cents to 70 cents a share in the quarter, ahead of expectations of 67 cents.
The company also said it would buy back $500 million of its stock.
Curious about whether or not Lululemon is a buy after earnings? Jim Cramer said, "yes absolutely."
Related. Retail Sales Horror? Not Lululemon
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