Lululemon strikes a better pose in Q4

Shoppers had a hankering for more yogawear during the holidays, as retailer Lululemon saw better-than-expected traffic and results for the fourth quarter.

Net revenue for the quarter increased 16% to $602.5 million from $521 million in the fourth quarter of fiscal 2013. Same store sales increased by 8% for the fourth quarter.

"Our solid performance in the fourth quarter builds on the momentum that began in the third quarter and reflects improved traffic and a strong guest response," said Laurent Potdevin, Lululemon's CEO. "2014 was a critical year when we strengthened our leadership team and made important investments in our product pipeline, guest experience, brand and community engagement. In 2015, we expect to substantially complete this foundational work and accelerate our investments in innovation to drive sustainable global growth as we continue to lead the market that we created."

Income from operations for the quarter increased by 2% to $157.2 million, and as a percentage of net revenue was 26.1% compared to 29.6% of net revenue in the fourth quarter of fiscal 2013. For the first quarter of fiscal 2015, Lululemon expects net revenue to be in the range of $413 million to $418 million based on a total comparable sales increase in the low single digits on a constant dollar basis.

Lululemon athletica inc. is a yoga-inspired athletic apparel company with 201 stores worldwide.