earnings
confidence high
sentiment positive
materiality 0.80
Lululemon Q1 revenue up 10% to $2.2B, EPS $2.54; board adds $1B to buyback
lululemon athletica inc.
2024-Q1 EPS reported
$2.54
revenue$2,208,891,000
- Revenue $2.2B (+10% YoY), diluted EPS $2.54 vs $2.28; international revenue up 35%.
- Comparable sales +6% (+7% constant dollar), Americas flat, international +25%.
- Board authorized $1.0B increase in stock repurchase program; $1.7B remaining.
- Q2 guidance: revenue $2.400-2.420B, EPS $2.92-2.97; FY2024 EPS now $14.27-14.47.
- Inventories decreased 15% to $1.3B; repurchased $296.9M shares in Q1.