Lululemon has posted a double-digit sales growth for the fourth quarter, which management said exceeded their expectations.

The athletic apparel brand’s net revenue for the quarter ended February 2 soared 13 per cent to $3.6 billion, with Americas revenue up 7 per cent and international revenue up 38 per cent.

Excluding the extra trading week this quarter, net revenue increased 8 per cent.

Comparable sales rose 3 per cent, with the Americas flat and international markets up 20 per cent.

On the bottom line, gross margin increased 100 basis points to 60.4 per cent and operating income increased 14 per cent to $1 billion.

“Our fourth quarter results exceeded our expectations as we continued to introduce more newness and innovation into our product assortment,” commented CEO Calvin McDonald.

For the full year, net revenue increased 10 per cent to $10.6 billion and comparable sales were up 4 per cent. This is also the first time the company has surpassed $10 billion in annual revenue.

Gross margin increased 90 basis points to 59.2 per cent and income from operations grew 17 per cent to $2.5 billion.

The company expects sales to increase 5-8 per cent this fiscal year.

“We look forward to building on our growth in 2025, while remaining agile as we navigate ongoing macro uncertainties,” said CFO Meghan Frank. “There are significant opportunities ahead for the Lululemon brand and we are confident in our ability to continue creating long-term value for all our stakeholders.”