Quick answer: latest quarter results, by ticker or company name

Reported Q: Q1 2024 Rev YoY: +10.4% EPS YoY: +11.8% Move: +1.64%

Lululemon Athletica Inc

LULU

$175.68 1.64%

Exchange NASDAQ Sector Consumer Cyclical Industry Apparel Retail

Q1 2024

Published: Jun 5, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for LULU

Reported

Report Date

Jun 5, 2024

Quarter Q1 2024

Revenue

2.21B

YoY: +10.4%

EPS

2.54

YoY: +11.8%

Market Move

+1.64%

Previous quarter: Q4 2023

Follow this company to get upcoming quarter alerts automatically.

Earnings Highlights

Revenue of $2.21B up 10.4% year-over-year
EPS of $2.54 increased by 11.8% from previous year
Gross margin of 57.7%
Net income of 321.42M
"Our total revenue increased 10%, or 11% in constant currency. By region, we saw continued strong momentum in our international business with revenue in China Mainland up 52%." - Calvin McDonald, CEO

LULU

Lululemon Athletica Inc

Period Q1 2024

Currency USD

Report Type Quarterly Earnings

Generated Feb 10, 2026

Executive Summary

In Q1 2024, Lululemon Athletica Inc reported a robust 10% year-over-year revenue growth, reaching $2.21 billion, aided by strong international performance, particularly in the China market which saw a 52% increase. Earnings per share surged to $2.54, up from $2.28 in the same quarter last year. The company faced challenges in the U.S. market, particularly in the women's category due to a narrow color palette and stock shortages in smaller sizes. Management reiterated their commitment to rectifying these issues and emphasized confidence in future growth, backed by a strong product pipeline and increased brand engagement efforts.

Key Performance Indicators

Revenue

Increasing

2.21B

QoQ: -31.08% | YoY: 10.40%

Gross Profit

Increasing

1.28B

57.70% margin

QoQ: -33.01% | YoY: 10.80%

Operating Income

Increasing

461.90M

QoQ: -50.93% | YoY: 15.07%

Net Income

Increasing

321.42M

QoQ: -51.99% | YoY: 10.68%

EPS

Increasing

2.55

QoQ: -51.89% | YoY: 11.84%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue Performance: Revenue grew by 10% YoY to $2.21 billion, an increase from Q1 2023.

Gross Profit: Gross profit rose to $1.28 billion, achieving a gross margin of 57.7%, slightly up from 57.5% in Q1 2023.

Operating Income: Operating income was $433 million, translating to an operating margin of 19.6%, down from 20.1% the previous year due to higher SG&A expenses.

Net Income: Net income for the quarter was $321 million, yielding a net margin of 14.5%.

Stock Performance: Management repurchased $300 million in stock in Q1 and anticipates an increase in buyback authorization to $1.7 billion overall.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	2.21B	10.40%	-31.08%
Gross Profit	1.28B	10.80%	-33.01%
Operating Income	461.90M	15.07%	-50.93%
Net Income	321.42M	10.68%	-51.99%
EPS	2.55	11.84%	-51.89%

Key Financial Ratios

Gross Profit Margin

Good

57.70%

Gross profit margin is healthy and competitive within industry standards

Operating Profit Margin

Good

20.90%

Operating margin is healthy and competitive within industry standards

Net Profit Margin

Good

14.60%

Net profit margin is healthy and competitive within industry standards

Return on Assets

Fair

4.71%

Return on assets is acceptable but below top-tier companies

Return on Equity

Fair

7.62%

Return on equity is acceptable but below top-tier companies

Current Ratio

Strong

2.72

Current ratio indicates excellent liquidity and financial flexibility

Debt to Equity

Moderate

0.33

Debt-to-equity indicates balanced capital structure with manageable debt

P/E Ratio

Growth

35.67x

Elevated P/E suggests growth expectations or premium valuation

Price to Book

High Premium

10.87x

Very high premium suggests asset-light business model or lofty expectations

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q3 2024	2,396.66	2.87	+8.7%	View
Q2 2024	2,371.08	3.15	+7.3%	View
Q1 2024	2,208.89	2.54	+10.4%	View
Q4 2023	3,205.10	5.29	+15.6%	View
Q3 2023	2,204.22	1.96	+18.7%	View

LULU

Lululemon Athletica Inc

Q3 2024 Report

Lululemon Athletica Inc (LULU) Q3 2024 Financial Results: A Retreat to Growth Amidst Mixed Market Signals...

Read full report

LULU

Lululemon Athletica Inc

Q2 2024 Report

Lululemon Athletica Inc (LULU) Q2 2024 Financial Results: Steady Growth Amid Challenges in Women's Segment...

Read full report

LULU

Lululemon Athletica Inc

Q4 2023 Report

Lululemon Athletica Inc (LULU) Q4 2023 Earnings Report: Strong Finish Amidst Market Challenges...

Read full report

LULU

Lululemon Athletica Inc

Q3 2023 Report

Lululemon Athletica Inc (LULU) Q3 2023 Performance Analysis: Strong Growth Amidst Macro Challenges...

Read full report

Lululemon Athletica Inc (LULU) Q1 2024 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

More LULU Quarterly Reports

LULU

LULU

LULU

LULU

Q1 2024 Reports in Consumer Cyclical Sector

Related Financial Data

Sector Analysis: Consumer Cyclical

LULU Full Profile

LULU Financial Statements

Earnings Calendar