lululemon athletica reports Q4 results above lowered guidance; guides Q1/FY15 EPS and rev below consensus
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Reports Q4 (Jan) earnings of $0.75 per share vs. $0.71-0.73 guidance, $0.03 better than the Capital IQ Consensus of $0.72; revenues rose 7.3% year/year to $521 mln vs the $513-518 mln guidance and the $515.04 mln consensus; comps -2% vs. -low to mid single digit warning; gross margin 53.5% vs. mid-50s% guidance.
Co lowered Q4 guidance to EPS of $0.71-0.73 on rev of $513-518 from $0.78-0.80 and $535-540 mln, w/negative low to mid single digit comps, on Jan 13.
Co issues downside guidance for Q1, sees EPS of $0.31-0.33 vs. $0.38 Capital IQ Consensus Estimate; sees Q1 revs of $377-382 mln vs. $390.10 mln Capital IQ Consensus; constant dollar comps flat vs. aprox. -1% est.
Co issues downside guidance for FY15, sees EPS of $1.80-1.90 vs. $2.15 Capital IQ Consensus Estimate; sees FY15 revs of $1.77-1.82 bln vs. $1.82 bln Capital IQ Consensus; constant dollar comp increase low to mid single digits vs. ~3% est.
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