Hi, dear premium sub!
Lululemon Athletica reported earnings on the 5th of June.
The earnings report was well-received in the after-hours, jumping +12.5% before settling down to about +5.5%.
The market was positively “shocked” by the earnings report, many were very pessimistic before the earnings report (Which just shows that price runs sentiment).
Key highlights from the report:
Total revenues +10% (11% on a currency constant basis)
Women’s revenue +10%
Men’s revenue +15%
Store revenue +12%
Digital revenue +8%
America’s revenue +3%⛔
International revenue +35%✅
Diluted EPS +11%
Total comparable sales +7%
Net cash from operating activities was up to $127.5M in the first quarter, compared to $45.5M in Q1 of 2023. This is a 180% increase: