-=lululemon athletica (LULU) reported earnings on Tue 27 March 18 (a/h)

lululemon athletica beats by $0.06, beats on revs; guides Q1 EPS and rev above consensus; guides FY19 EPS in-line, revs above consensus 

• Reports Q4 (Jan) earnings of $1.33 per share, excluding non-recurring items, $0.06 better than the Capital IQ Consensus of $1.27; revenues rose 17.6% year/year to $929 mln vs the $912.41 mln Capital IQ Consensus. 
• Total comparable sales increased 12%, or increased 11% on a constant dollar basis vs. high single digit guidance. Comparable store sales increased 2%, or increased 1% on a constant dollar basis. Direct to consumer net revenue increased 44%, or increased 42% on a constant dollar basis.
• Adjusted gross margin was 56.2%, an increase of 200 basis points.
• On January 8, co raised Q4 EPS to $1.24-1.26 from $1.19-1.22, revenue to $905-915 million from $870-885 million and comparable store sales to high single digit growth in constant currency from mid-single digit growth.
• Co issues upside guidancefor Q1, sees EPS of $0.44-0.46 vs. $0.40 Capital IQ Consensus Estimate; sees Q1 revs of $612-617 mln vs. $585.52 mln Capital IQ Consensus Estimate; low double digit comps ex-FX
• Co issues guidancefor FY19, sees EPS of $3.00-3.08 vs. $3.03 Capital IQ Consensus Estimate; sees FY19 revs of $2.985-3.022 bln vs. $2.95 bln Capital IQ Consensus Estimate; mid to high single digit comps ex-FX.