H&M (Sweden) said that despite the pandemic, a higher share of sales were at full-price and the group saw lower costs for markdowns.

• Profits rose to $30.5 million from a 1.4 billion loss last year when nearly half of its stores were closed by the pandemic. Sales (in local currencies) rose 18%.  

• H&M will expand into Ecuador, Kosovo and North Macedonia, and via franchise Costa Rica and Guatemala this year.

Five Below (USA) reported Q4 net income rose 13% year-on-year to $140.2 million.  Sales rose 16.1% to $996.3 million.

• Full year net sales increased by 45.2% to $2.84 billion.
• The retailer expects Q1 sales in the range of $644 million to $658 million, with full year sales estimated between $3.16 billion to $3.26 billion.

Lululemon (Canada) said Q4 net revenue increased 23% to $2.1 billion. Net income reached $434.5 million, up 32% year-on-year.

• Full year net revenue increased 42% to $6.3 billion, while net income rose 65% to $975.3 million.
• Q1 fiscal 2022 net revenue is forecast to be in the range of $1.525 billion to $1.550 billion, up about 25% year-on-year.
• The retailer plans to open 70 new stores this year.

Academy Sports + Outdoors (USA) said net income rose 56% year-on-year to $141.8 million for the quarter ended Jan. 29.  Sales rose 13.2% to $1.808 billion.

• In fiscal 2021, net sales increased 19.1% to a record $6.77 billion.
• The retailer plans to open 80 to 100 stores during the next five years.

Quiz (UK) said it expects to return to profitability with full year revenue of around £78 million ($86 million) – its first profit in 3 years.

Chico’s FAS (USA) reported fiscal 2021 net sales rose 36% year-on-year to $1.809 billion.   

• The company expects Q1 consolidated net sales of $485 million to $500 million, and full year net sales of $2.085 billion to $2.115 billion.