Reported Q: Q3 2024 Rev YoY: +8.7% EPS YoY: +45.7% Move: +4.19%
Lululemon Athletica Inc
LULU
$183.04 4.19%
Exchange NASDAQ Sector Consumer Cyclical Industry Apparel Retail
Q3 2024
Published: Dec 5, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for LULU

Reported

Report Date

Dec 5, 2024

Quarter Q3 2024

Revenue

2.40B

YoY: +8.7%

EPS

2.87

YoY: +45.7%

Market Move

+4.19%

Previous quarter: Q2 2024

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Earnings Highlights

  • Revenue of $2.40B up 8.7% year-over-year
  • EPS of $2.87 increased by 45.7% from previous year
  • Gross margin of 58.5%
  • Net income of 351.87M
  • ""We are pleased with our business over the extended Thanksgiving weekend. We leverage the increased traffic to clear through product we are not taking forward and to feature full-price styles," - Calvin McDonald, CEO." - Calvin McDonald
LULU
Lululemon Athletica Inc

Executive Summary

Lululemon Athletica Inc (NASDAQ: LULU) reported robust financial results for the third quarter of 2024, showing a 9% increase in total revenue year-over-year to $2.4 billion. This growth was driven primarily by the company's strong international performance, particularly in China where revenues surged 39%. The Americas experienced modest growth, driven by a particularly strong presence in Canada, while U.S. revenues stabilized but remained flat. Total net income for the quarter reached $352 million, representing a net income margin of 14.6%. Management expressed optimism about upcoming product launches and seasonal strategies, focusing on maintaining brand strength and engagement through an enhanced product assortment as part of their ongoing growth strategy. With a strong cash position of $1.2 billion, the company continues to prioritize share repurchase programs as a return of capital to shareholders.

Key Performance Indicators

Revenue
Increasing
2.40B
QoQ: 1.08% | YoY: 8.73%
Gross Profit
Increasing
1.40B
58.48% margin
QoQ: -0.75% | YoY: 11.53%
Operating Income
Increasing
490.66M
QoQ: -9.17% | YoY: 45.12%
Net Income
Increasing
351.87M
QoQ: -10.45% | YoY: 41.48%
EPS
Increasing
2.87
QoQ: -8.89% | YoY: 45.69%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
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