Sportswear company Lululemon Athletica Inc LULU reported fourth-quarter financial results after the market close on Tuesday. Here are the main highlights.

What happened: Lululemon reported fourth-quarter revenue of $2.77 billion, up 30% year over year. Total revenue topped a Street estimate of $2.70 billion, according to the data by Benzinga Pro.

The company reported fourth-quarter adjusted earnings per share of $4.40, beating a Street estimate of $4.26.

Fourth-quarter revenue in North America increased 29% year over year. International revenue increased 35% year over year in the fourth quarter.

Direct sales revenue rose 37% year over year in the fourth quarter and accounted for 52% of total revenue.

Same-store sales were up 15% year over year. The company opened 32 stores in the fourth quarter to bring the total to 655 stores at the end of the quarter.

The company’s full-year revenue was $8.1 billion, up 32% year over year. The company posted year-over-year sales growth of 29% and international sales in North America and 35%.

“In the fourth quarter and for the full year of 2022, we delivered strong results across the business, driven by our innovative products, powerful guest experiences and strategic market expansion,” said Lululemon CEO Calvin McDonald called.

CFO Megan Frank highlighted the company’s brand.

“Our ability to exceed our annual revenue target in a dynamic operating environment is a testament to the continued strength of the Lululemon brand,” said Frank.

During the fourth quarter, Lululemon purchased 0.2 million of its shares at an average price of $323.14 for a total value of approximately $68.7 million. The company ended the fiscal year with $1.2 billion in cash and cash equivalents.

Related link: Trading strategies for Lululemon after Q4 results

What’s next: Lululemon expects first-quarter revenue to be between $1.89 billion and $1.93 billion, compared to a Street estimate of $1.85 billion from Benzinga Pro.