Yoga apparel company lululemon athletica has reported higher revenues for its full year and fourth quarter ended January 31.

Fourth quarter net revenue rose 54.5% to $160.6 million from $103.9 million during the prior-year period. Gross profit rose 67.6% to $86.6 million and, as a percentage of net revenue, increased to 53.9% from 49.7%. Income grew 158.3% to $41.4 million.

For the year, net revenue increased 28.1% to $452.9 million from $353.5 million. Gross profit as a percentage of net revenue decreased to 49.3% from 50.7% of net revenue and income from operations increased by 53.0% to $86.5 million.

CEO, Christine Day, said: "We are very pleased with the growing sales momentum in our business which has accelerated as the economy has improved and with some of our key initiatives which have taken hold, such as expanding our running line, elevated product to give more value to our customers, and our e-commerce launch. Our 29% comparable-store sales increase reflects the strength of the lululemon brand driven by our quality, design, product innovation and unique positioning."

For the first quarter of fiscal 2010, the company expects net revenue to be in the range of $125 million to $130 million and for the year it is expected to fall between $570 million and $585 million.