---
schema_version: "secwatch.filing_event.v1"
accession: "0001397187-23-000026"
form_type: "8-K"
ticker: "LULU"
cik: "0001397187"
company_name: "lululemon athletica inc."
filed_at: "2023-06-01T23:59:59+00:00"
generated_at: "2026-06-14T09:11:35.883417+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001397187-23-000026
- form_type: 8-K
- ticker: LULU
- cik: 0001397187
- company_name: lululemon athletica inc.
- filed_at: 2023-06-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1397187/000139718723000026/0001397187-23-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1397187/000139718723000026/lulu-20230601.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001397187-23-000026
- JSON: https://secwatch.observer/filing/0001397187-23-000026.json
- Plain text: https://secwatch.observer/filing/0001397187-23-000026.txt

## Key facts
- Earnings Releases
  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
  source text: --- 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1397187/000139718723000026/0001397187-23-000026-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.