Ahead of the ICR Conference earlier this week, several companies released preliminary Q4 results and forecasts for FY22.

‍Lululemon cited consequences of the COVID-19 Omicron variant—limited staff availability, higher capacity constraints and reduced operating hours in certain locations—as reasons behind lowering expectations for its Q4 results. The company is now forecasting revenues and EPS to come in at the low end of previously announced ranges.

Meanwhile, at Caleres, the St. Louis company raised its EPS forecast for FY21, now predicting adjusted EPS of $4.00-4.10.

Elsewhere,

• Crocs is forecasting approximately 67 percent year-over-year growth in FY21, including Q4 revenue expansion of 42 percent. In FY22, the company is forecasting more than a 20 percent topline increase, excluding impacts from its HEYDUDE acquisition.
• Boot Barn’s preliminary results for Q3 ended Dec. 25 show a 71.1 percent revenue increase to $485.9 million and 61 percent improvement in same store sales. Ecommerce sales rose 69 percent.
• Tilly’s reported that its Q4 earnings will be its strongest since becoming a public company. The specialty retail realized a 16.5 percent in holiday period sales to $173.3 million for the nine weeks ended Jan. 2. Comparable store sales were 23 percent higher year-over-year. Ecommerce sales fell 5.7 percent y-o-y after rising 65 percent in the year-ago quarter.