Lululemon reports Q4 adjusted EPS $4.40, consensus $4.26

Reports Q4 revenue $2.8B, consensus $2.7B. 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. Calvin McDonald, Chief Executive Officer, stated: "In the fourth quarter and full year 2022, we delivered strong results across the business driven by our innovative products, powerful guest experiences, and strategic market expansion. Our continued high level of performance is a reflection of the hard work and agility of our incredible teams and the deep connections they create with our guests and communities around the world. As we enter 2023, we look forward to another year of strong momentum across the globe and delivering on our Power of Three 2 growth plan."