Lululemon Athletica Inc
LULU
$190.01 3.49%
Exchange: NASDAQ | Sector: Consumer Cyclical | Industry: Apparel Retail
Q3 2023
Published: Dec 7, 2023

Earnings Highlights

  • Revenue of $2.20B up 18.7% year-over-year
  • EPS of $1.96 decreased by 1.5% from previous year
  • Gross margin of 57.0%
  • Net income of 248.71M
  • ""We are pleased with the strength and resilience of our brand across markets, channels and categories, and are well positioned to deliver against our growth strategy." - Calvin McDonald, CEO" - Calvin McDonald
LULU
Lululemon Athletica Inc

Executive Summary

In Q3 2023, Lululemon Athletica Inc (LULU) delivered impressive financial results, with revenue soaring by 19% year-over-year to $2.2 billion, exceeding management's expectations. This notable performance is attributed to a robust expansion in both direct-to-consumer (DTC) and physical retail channels, alongside effective product innovation strategies. Lululemon's adjusted earnings per share (EPS) increased by 27%, reflecting enhanced profitability despite macroeconomic challenges. The companyโ€™s continued investment in its operational infrastructure, including its distribution network, underpins its growth strategy as it navigates a dynamic market landscape. Leadership remains optimistic about future performance, supported by a newly authorized $1 billion share repurchase program signaling confidence in the companyโ€™s growth trajectory.

Key Performance Indicators

Revenue
Increasing
2.20B
QoQ: -0.22% | YoY: 18.70%
Gross Profit
Increasing
1.26B
57.00% margin
QoQ: -3.22% | YoY: 20.97%
Operating Income
Decreasing
338.12M
QoQ: -29.45% | YoY: -4.06%
Net Income
Decreasing
248.71M
QoQ: -27.19% | YoY: -2.64%
EPS
Decreasing
1.97
QoQ: -26.77% | YoY: -1.50%

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