Lululemon Non-GAAP EPS of $4.40 beats by $0.14, revenue of $2.8B beats by $100M
Lululemon press release (NASDAQ:LULU): Q4 Non-GAAP EPS of $4.40  beats by $0.14.
Revenue of $2.8B (+30% Y/Y)  beats by $100M.
Shares +2.8%.
Total comparable sales increased 27%, or 30% on a constant dollar basis.
Comparable store sales increased 15%, or 17% on a constant dollar basis.

Direct to consumer net revenue increased 37%, or 39% on a constant dollar basis.


Direct to consumer net revenue represented 52% of total net revenue compared to 49% for the fourth quarter of 2021.
The Company opened 32 net new company-operated stores during the quarter, ending with 655 stores.

For the first quarter of fiscal 2023, we expect net revenue to be in the range of $1.890 billion to $1.930 billion vs. $1.85B consensus, representing growth of approximately 18%. Diluted earnings per share are expected to be in the range of $1.93 to $2.00 vs. $1.64 consensus for the quarter. This guidance assumes a 30% tax rate.
For fiscal 2023, we expect net revenue to be in the range of $9.300 billion to $9.410 billion vs. $9.14B consensus, representing growth of approximately 15%. Diluted earnings per share are expected to be in the range of $11.50 to $11.72 vs. $11.30 consensus for the year. This guidance assumes a 30% tax rate.