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Lululemon boasts strong finish at close of 2015

The end of 2015 was a healthy fiscal time for high-end fashion retailer lululemon athletica.

April 5, 2016

The end of 2015 was a healthy fiscal time for high-end fashion retailer lululemon athletica as it hit a $2 billion revenue milestone.

Laurent Potdevin, CEO, cited reorganization efforts, revamped design and innovations as reasons for the robust financials in Q4. Net revenue jumped 17 percent, to hit $704.3 million compared to $602.5 million in the fourth quarter a year ago and total comparable sales increased by 11 percent.

"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," said Potdevin, in an announcement on the earnings.

"As I look forward to 2016 and beyond, I am excited and confident that we have the right team in place to execute on our long term strategies."

Direct to consumer net revenue increased 28 percent to $146.3 million, or 20.8 percent of total net revenue. That reflects an increase from 19 percent of total net revenue in the fourth quarter of fiscal 2014. Gross profit for the quarter increased by 14 percent to $354.5 million.

Going forward the company expects net revenue to land between $483 million to $488 million for the quarter.