lululemon Q1 revenue up 24% to $2.0B, EPS $2.28, raises FY23 guidance

lululemon athletica inc.

2023-Q1 EPS reported $2.28 revenue$2,000,792,000

Revenue $2.0B (+24% YoY); diluted EPS $2.28 vs $1.48; gross margin 57.5% (+360 bps).
International revenue up 60%; China sales acceleration contributed to better-than-planned performance.
Comparable sales up 14% (17% constant dollar); DTC 42% of total revenue.
FY23 guidance raised: revenue $9.44-9.51B, EPS $11.74-11.94; Q2 revenue $2.14-2.17B.
Repurchased 0.3M shares at avg $336.37 for $98.1M; ended Q1 with $950.6M cash.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

lululemon athletica inc. reported first quarter ended April 30, 2023 results: revenue $2.0 billion, EPS $2.28.

Period: first quarter ended April 30, 2023
Revenue: $2.0 billion
EPS: $2.28
Result: reported results

Exact text from the filing

--- EX-99.1 2 lulu-20230430xex991.htm EARNINGS RELEASE Document Exhibit 99.1 LULULEMON ATHLETICA INC. ANNOUNCES FIRST QUARTER FISCAL 2023 RESULTS Revenue increased 24% to $2.0 billion Comparable sales increased 14%, or increased 17% on a constant dollar basis Diluted EPS of $2.28 Vancouver, British Columbia – June 1, 2023 – lululemon athletica inc.

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Source: SEC EDGAR

accession 0001397187-23-000026

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