Investing.com – Lululemon Athletica (NASDAQ: ) On Tuesday, the fourth quarter was reported by Wall Street. It beat analyst forecasts with revenue that was close to expectations.

Lululemon Athletica reported earnings per share at $3.37, on revenues of $2.13B. Investing.com polled analysts and predicted EPS at $3.27 for revenue of $2.13B.

In the fourth quarter, total comparable sales rose 22%. Comparable store sales increased 32%. Additionally, net direct-to consumer revenue rose 17%.

Calvin McDonald (Lululemon Chief Executive Officer) stated that 2021 was another great year. This speaks to our brand’s strength and ability to sustain growth throughout the company.

Lululemon also approved a stock purchase program that could reach $1 billion.

The company expects to report first quarter fiscal 2022 revenues between $1.52 and $1.55 Billion, with earnings per share ranging from $1.38 up to $1.43.

It expects fiscal 2022 revenue between $7.49 billion and $7.61 billion. This represents a growth rate of 20%-22%. Earnings per share will be $9.15 to 9.35.

“We are entering the new year from a position of strength, which we’ll build upon to continue delivering for our guests and shareholders in the years to come,” added McDonald.

After-hours trading saw Lululemon Athletica share gains of 4.00% following the report.