earnings
confidence high
sentiment positive
materiality 0.80
Lululemon Q2 revenue up 7% to $2.4B, EPS $3.15; comps +2%, Americas comps -3%
lululemon athletica inc.
2024-Q2 EPS reported
$5.69
revenue$4,579,969,000
- Net revenue $2.4B (+7% YoY); diluted EPS $3.15 vs $2.68 last year.
- Comparable sales +2% (constant dollar +3%); Americas comps -3%, International +19%.
- Gross margin +80 bps to 59.6%; operating margin +110 bps to 22.8%.
- Q3 guidance: revenue $2.34B-$2.365B, EPS $2.68-$2.73; FY24: rev $10.375B-$10.475B, EPS $13.95-$14.15.
- Repurchased 1.9M shares for $583.7M; inventories down 14% YoY to $1.4B.