Lululemon Athletica Quarterly Report📈

Breaking down the earnings report of Lululemon

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: