05:39 AM EDT, 03/22/2024 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph.)

Lululemon Athletica's ( LULU ) shares slumped almost 13% in premarket activity Friday after the company's guidance for sales and earnings for fiscal Q1 and the full financial year lagged the market's expectations.

The company reported fiscal Q4 net income late Thursday of $5.29 per diluted share, up from $0.94 a year earlier.

Analysts polled by Capital IQ expected $5.03.

Net revenue in the quarter ended Jan. 28 was $3.21 billion, up from $2.77 billion a year earlier.

Analysts surveyed by Capital IQ expected $3.20 billion.

The company expects fiscal Q1 diluted earnings of $2.35 to $2.40 a share on revenue of $2.18 billion to $2.20 billion. Analysts surveyed by Capital IQ expect EPS of $2.60 on revenue of $2.26 billion.

The company expects full-year adjusted diluted earnings of $14 to $14.20 a share on revenue of $10.70 billion to $10.80 billion. Analysts surveyed by Capital IQ expect EPS of $14.29 on revenue of $10.94 billion.

Price: 418.82, Change: -60.02, Percent Change: -12.61