Lululemon Athletica Reports EPS of $0.64 vs. $0.57; Revenues $245.4M vs. $238.98M

lululemon athletica inc. LULU today announced financial results for the fourth quarter and fiscal year ended January 30, 2011.

Net revenue for the quarter increased 53% to $245.4 million from $160.6 million in the fourth quarter of fiscal 2009.

Diluted earnings per share for the quarter were $0.76 on net income of $54.8 million, compared to diluted earnings per share of $0.40 on net income of $28.5 million in the fourth quarter of fiscal 2009. Normalized for the tax adjustment, diluted earnings per share for the quarter were $0.64.