secwatch.observer — SEC 8-K summary
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Issuer:     lululemon athletica inc. (LULU)
CIK:        0001397187
Form:       8-K
Filed at:   2023-06-01T23:59:59+00:00
Accession:  0001397187-23-000026
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1397187/000139718723000026/0001397187-23-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1397187/000139718723000026/lulu-20230601.htm
  HTML page:      https://secwatch.observer/filing/0001397187-23-000026

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer