Stock Monitor: PVH Corp. Post Earnings Reporting

LONDON, UK / ACCESSWIRE / April 25, 2018 / Active-Investors.com has just released a free earnings report on Lululemon Athletica Inc. (NASDAQ: LULU) ("Lululemon"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=LULU. The Company reported its fourth quarter fiscal 2017 and full fiscal year 2017 operating and financial results on March 27, 2018. The apparel Company delivered revenues and earnings above market expectations. Additionally, the Company provided guidance for the upcoming quarter and fiscal year. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.comis currently working on the research report for PVH Corp. (NYSE: PVH), which also belongs to the Consumer Goods sector as the Company Lululemon Athletica. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Lululemon Athletica most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=LULU

Earnings Highlights and Summary

For the fourth quarter ended January 28, 2018, Lululemon's net revenues gained 18% to $928.8 million compared to $789.9 million in Q4 2016. The Company's revenue numbers beat analysts' estimates of $912.0 million.

During Q4 2017, Lululemon's total comparable sales increased 12% on a y-o-y basis, while comparable store sales grew 2% on a y-o-y basis. The Company's direct-to-consumer net revenues surged 44% compared to the year ago same period.

For the full fiscal year 2017, Lululemon's net revenues were $2.65 billion, up 13% compared to $2.34 billion in FY16. The Company's total comparable sales increased 7% on a y-o-y basis, while comparable store sales grew 1% versus the year ago comparable period. Lululemon's Company-operated stores, which have been open for at least one-year, averaged sales of $1,554 per square foot.

During Q4 2017, Lululemon's gross profit was $522.5 million, reflecting an increase of 22% compared to $427.9 million in Q4 2016. The Company's gross margin was 56.3%, representing an increase of 210 basis points compared to the year ago corresponding period.

For Q4 2017, Lululemon's income from operations surged 30% to $256.3 million on a y-o-y basis. The Company's adjusted income from operations increased 31% to $258.1 million on a y-o-y basis. For Q4 2017, Lululemon's operating margin was 27.6%, representing an increase of 270 basis points compared to Q4 2016; while its adjusted operating margin was 27.8%, representing a growth of 290 basis points.

Lululemon's income tax expenses were $137.7 million in Q4 2017 compared to $61.4 million in Q4 2016; while its effective tax rate was 53.5% compared to 31.1% in the year ago same period.

For Q4 2017, Lululemon reported a net income of $119.8 million, or $0.88 per diluted share, compared to a net income of $136.1 million, or $0.99 per diluted share, in Q4 2016. Excluding the impact of the ivivva restructuring and the US tax reform, the Company's adjusted earnings surged 33% to $1.33 per diluted share in the reported quarter versus $1.00 per diluted share in the year earlier comparable quarter, and was also ahead of Wall Street's estimates of $1.27 per share.

For FY17, Lululemon posted a net income of $258.7 million, or $1.90 per diluted share, compared to $303.3 million, or $2.21 per diluted share, in FY16. The Company's adjusted earnings gained 21% to $2.59 per diluted share in FY17 compared to $2.14 per diluted share in FY16.

Cash Matters

As of January 28, 2018, Lululemon had $990.5 million in cash and cash equivalents compared to $734.8 million at the end of FY16. The Company's inventories increased 10% to $329.6 million at the end of FY17 compared to $298.4 million at the end of FY16. Lululemon ended the year with 404 stores.

During FY17, Lululemon repurchased 1.9 million shares of its common stock at an average cost of $53.85 per share. These shares were repurchased under both the previous $100 million stock repurchase program which was completed in Q3 2017, and the $200 million stock repurchase program which commenced in November 2017.

Outlook

For the first quarter of the fiscal year 2018, Lululemon is forecasting net revenues to be in the range of $612 million to $617 million, based on a total comparable sales increase in the low double digits on a constant dollar basis. The Company is expecting earnings per diluted share to be in the band of $0.44 to $0.46 for the upcoming quarter.

For the full fiscal year 2018, Lululemon is projecting net revenues to be in the range of $2.99 billion to $3.02 billion, based on a total comparable sales increase in the mid-to-high single digits on a constant dollar basis. The Company is anticipating earnings per diluted share to be in the band of $3.00 to $3.08 for FY18.

Stock Performance Snapshot

April 24, 2018 - At Tuesday's closing bell, Lululemon Athletica's stock marginally climbed 0.27%, ending the trading session at $96.90.

Volume traded for the day: 2.17 million shares, which was above the 3-month average volume of 2.08 million shares.

Stock performance in the last month?up 21.87%; previous three-month period ?up 21.58%; past twelve-month period ?up 83.70%; and year-to-date?up 23.30%

After yesterday's close, Lululemon Athletica's market cap was at $12.95 billion.

Price to Earnings (P/E) ratio was at 41.43.

The stock is part of the Consumer Goods sector, categorized under the Textile - Apparel Clothing industry.

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