Lululemon Q4 revenues surge by 24% to reach $1.7 billion on strong sales

VANCOUVER — Lululemon Athletica Inc. reports its revenue soared by roughly 24 per cent in its most recent quarter.

The Vancouver-based maker of athletic and yoga wear says its revenue amounted to $1.7 billion in its fourth quarter, up from $1.3 billion the year prior.

The company recorded a net income of about $329 million for the period ended Jan. 31, up from $298 million in 2019.

Lululemon’s diluted earnings per share reached $2.52, compared with $2.28 in the fourth quarter of 2019.