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Lululemon beats Street EPS estimates for Q4'19, withholds FY'20 guidance

Athletic-apparel retailer Lululemon Athletica Inc. reported revenue and EPS on March 26 that beat Street estimates for the fourth quarter of fiscal 2019 but did not offer guidance for fiscal 2020 because of the coronavirus pandemic.

The company is not providing guidance for fiscal 2020 because of the ongoing coronavirus outbreak, which caused Lululemon to temporarily close stores in China, North America, Europe and other regions.

For the fourth quarter ended Feb. 2, Lululemon's diluted EPS came in at $2.28. This beat analysts' EPS normalized estimates of $2.25, according to S&P Global Market Intelligence data. For 2019, diluted EPS was $4.93, beating estimates of $4.81.

Net revenue for the fourth quarter grew 20% year over year to $1.40 billion from $1.17 billion. This beat analysts' estimates of $1.38 billion. The company's total comparable sales during the quarter increased 20%. For the year, net revenue came in at $3.98 billion, compared with estimates of $3.96 billion, according to Market Intelligence data.

Shares of Lululemon were down 2.14% at $196.50 in aftermarket trading.

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