
Lululemon Athletica Inc., a yoga-inspired apparel athletic company, has announced financial results for the fourth quarter and fiscal year ended January 31, 2016. During the period under review, its net revenue increased 17 per cent to US $ 704.3 million from US $ 602.5 million in the fourth quarter of fiscal 2014 while total comparable sales, which includes comparable store sales and direct to consumer, increased by 11 per cent for the fourth quarter on a constant dollar basis.
Gross profit for the quarter increased by 14 per cent to US $ 354.5 million, and as a percentage of net revenue gross profit was 50.3 per cent for the quarter compared to 51.5 per cent in the fourth quarter of fiscal 2014. Income from operations for the quarter increased by 6 per cent to US $ 166.3 million, and as a percentage of net revenue was 23.6 per cent compared to 26.1 per cent of net revenue in the fourth quarter of fiscal 2014.
Its net revenue for the fiscal year increased 15 per cent to US $ 2.1 billion from US $ 1.8 billion in fiscal 2014 while total comparable sales increased by 10 per cent for fiscal 2015 on a constant dollar basis.
The retailer’s direct to consumer net revenue increased 25 per cent to US $ 401.5 million, or 19.5 per cent of total company net revenue in fiscal 2015, an increase from 17.9 per cent from fiscal 2014.
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Gross profit for fiscal 2015 increased by 9 per cent to US $ 997.2 million from US $ 914.2 million in fiscal 2014, and as a percentage of net revenue was 48.4 per cent compared to 50.9 per cent in fiscal 2014.
“I’m very pleased with our strong finish to the year with positive momentum across all channels. Our Q4 results are a reflection of our ability to deliver a truly unique experience to our guests, led, as always, by our outstanding store educators,” stated Laurent Potdevin, Lululemon’s CEO while commenting on the results.

















