Lululemon Athletica Inc
LULU
$190.01 3.49%
Exchange: NASDAQ | Sector: Consumer Cyclical | Industry: Apparel Retail
Q4 2023
Published: Mar 21, 2024

Earnings Highlights

  • Revenue of $3.21B up 15.6% year-over-year
  • EPS of $5.29 increased by 463.8% from previous year
  • Gross margin of 59.4%
  • Net income of 669.47M
  • ""It's early innings in our growth story, with significant opportunities in both domestic and international markets remaining ahead of us."" - Calvin McDonald
LULU
Lululemon Athletica Inc

Executive Summary

In the fourth quarter of 2023, Lululemon Athletica Inc (NASDAQ: LULU) delivered impactful financial results, with total revenue reaching $3.205 billion, reflecting a 16% increase year-over-year. The company exhibited robust demand across all its segments, particularly driven by strong growth in international markets, including an impressive 78% increase in Mainland China. Despite facing a more challenging retail environment in the U.S., management remains optimistic about their strategic initiatives to optimize store performance and enhance brand awareness. Lululemon exceeded EPS expectations with $5.29 per diluted share, marking a significant increase from the previous year's adjusted EPS of $4.40. As the company continues to build on its Power of Three x2 strategy, they expect steady revenue growth between 11-12% in the coming year.

Key Performance Indicators

Revenue
Increasing
3.21B
QoQ: 45.41% | YoY: 15.63%
Gross Profit
Increasing
1.90B
59.40% margin
QoQ: 51.47% | YoY: 24.60%
Operating Income
Increasing
941.36M
QoQ: 178.41% | YoY: 199.39%
Net Income
Increasing
669.47M
QoQ: 169.17% | YoY: 458.77%
EPS
Increasing
5.30
QoQ: 169.04% | YoY: 463.83%

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