Financial Data and Key Metrics Changes - Total revenue for Q4 2023 increased by 16% to $3.2 billion, with adjusted earnings per share rising to $5.29 from $4.40 in Q4 2022 [9][10][31] - For the full year 2023, revenue grew by 19% to $9.6 billion, with adjusted operating margin increasing by 110 basis points and adjusted EPS rising by 27% compared to 2022 [11][30] Business Line Data and Key Metrics Changes - In Q4, women's revenue increased by 13%, men's revenue grew by 15%, and accessories saw a significant increase of 40% [9][26] - For the full year 2023, men's revenue grew at a 21% CAGR, indicating strong performance in this segment [47] Market Data and Key Metrics Changes - By region in Q4, the Americas revenue increased by 9%, China Mainland revenue surged by 78%, and the rest of the world grew by 36% [9][25] - In 2023, the Americas saw a 12% revenue increase, while China Mainland experienced a 67% growth [11] Company Strategy and Development Direction - The company is focused on increasing brand awareness and optimizing its store base, with plans for 5 to 10 new store openings and 15 to 20 optimizations in the US [12][20] - Lululemon aims to leverage its product innovation pipeline and community-based marketing strategies to enhance growth, particularly in underpenetrated international markets [18][22] Management's Comments on Operating Environment and Future Outlook - Management noted a challenging consumer environment in the US but remains optimistic about growth opportunities, particularly through product innovation and brand initiatives [7][12] - The company expects revenue growth of 11% to 12% for the full year 2024, with a focus on maintaining strong performance in international markets [33][34] Other Important Information - The membership program has grown to over 17 million members, contributing to increased customer engagement and lifetime value [10][71] - The company plans to invest approximately $670 million to $690 million in capital expenditures for 2024, focusing on growth initiatives and technology investments [36] Q&A Session Summary Question: Insights on challenging consumer behavior - Management indicated that the US market is experiencing a slowdown in traffic and conversion, but international markets remain strong [42][44] Question: State of the men's business growth - The men's business showed a 15% growth in Q4, with a strong product pipeline expected to drive further growth [46][48] Question: Outlook for the China market - Revenue in Mainland China increased by 78% in Q4, with continued optimism for growth driven by localized brand strategies [51][53] Question: Inventory levels and markdowns - Inventory levels are deemed satisfactory, with a focus on maintaining low markdown rates while addressing stock-outs in certain sizes [56][58] Question: Multi-year drivers of positive comp growth in the Americas - Management emphasized ongoing product innovation and low unaided brand awareness as key drivers for future growth in the Americas [60][64] Question: Marketing investment strategy - The company plans to maintain marketing investment at 4.5% to 5% of sales in 2024, focusing on brand awareness and guest acquisition [70][72] Question: Competitive advantages in the market - Management highlighted Lululemon's unique approach to product innovation and community engagement as key competitive advantages [74][78]

Lululemon (LULU) reported $3.21 billion in revenue for the quarter ended January 2024, representing a year-over-year increase of 15.6%. EPS of $5.29 for the same period compares to $4.40 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $3.19 billion, representing a surprise of +0.50%. The company delivered an EPS surprise of +5.59%, with the consensus EPS estimate being $5.01.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ho ...

Lululemon (LULU) came out with quarterly earnings of $5.29 per share, beating the Zacks Consensus Estimate of $5.01 per share. This compares to earnings of $4.40 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.59%. A quarter ago, it was expected that this athletic apparel maker would post earnings of $2.27 per share when it actually produced earnings of $2.53, delivering a surprise of 11.45%.Over the last four quarters, the ...

Revenue Growth - Fourth quarter revenue increased 16% to $3.2 billion, with diluted EPS of $5.29[1] - Full year revenue increased 19% to $9.6 billion, with diluted EPS of $12.20 and adjusted EPS of $12.77[1] - Net revenue for Q4 2023 increased to $3,205,103 thousand, up 16% from $2,771,838 thousand in Q4 2022[19] - Total net revenue for fiscal 2023 grew 19% to $9,619,278 thousand from $8,110,518 thousand in fiscal 2022[19] - For 2024, the company expects net revenue of $10.700 billion to $10.800 billion, representing growth of 11% to 12%, and diluted EPS of $14.00 to $14.20[6] - Q1 2024 net revenue is expected to be in the range of $2.175 billion to $2.200 billion, representing growth of 9% to 10%, with diluted EPS of $2.35 to $2.40[6] - Expected net revenue increase for fiscal 2024 is projected at 11%, with a 1% impact from the 53rd week[33] International Performance - International net revenue increased 54% in Q4 and 54% for the full year, with constant dollar growth of 56% and 58% respectively[1][2] - China Mainland net revenue increased by 78% in Q4 2023 and 67% for fiscal 2023[27] Profitability and Margins - Gross margin increased 430 basis points to 59.4% in Q4 and 290 basis points to 58.3% for the full year[1][3] - Operating margin increased to 28.5% in Q4 from 11.3% in the prior year, and increased 580 basis points to 22.2% for the full year[1][4] - Gross profit margin for Q4 2023 improved to 59.4%, up from 55.1% in Q4 2022[19] - Net income for Q4 2023 surged to $669,468 thousand, compared to $119,811 thousand in Q4 2022[19] - Adjusted diluted earnings per share for fiscal 2023 was $12.77, compared to $12.20 on a GAAP basis[29] Store Expansion and Operations - The company repurchased 1.5 million shares for $554.6 million in 2023 and opened 56 net new stores, ending the year with 711 stores[4] - The company opened 26 new stores in Q4 2023, bringing the total number of stores to 711[36] - Company-operated store total gross square feet increased to 2,967 thousand by the end of Q4 2023, up from 2,575 thousand in Q1 2023[39] - Q4 2023 saw the highest gross square feet addition of 173 thousand compared to previous quarters[39] - Net square foot additions for Q4 2023 were 3 thousand, consistent with Q3 2023[39] - Company-operated store count grew by 64 in Q1 and Q2 2023, then increased by 109 in Q3 2023[39] - Gross square feet added in Q3 2023 was 109 thousand, the highest among the first three quarters[39] Financial Position and Cash Flow - The company ended 2023 with $2.2 billion in cash and cash equivalents, up from $1.2 billion at the end of 2022, and inventories decreased by 9% to $1.3 billion[5] - Cash and cash equivalents at the end of fiscal 2023 stood at $2,243,971 thousand, up from $1,154,867 thousand in fiscal 2022[22] Strategic Growth Plans - The Power of Three ×2 growth plan aims to double the business from 2021 net revenue of $6.25 billion to $12.5 billion by 2026[8] Comparable Sales Performance - Comparable sales increased by 12% in Q4 2023 and 13% for fiscal 2023[25]

Lululemon on Thursday reported holiday earnings that topped expectations, but the athletic apparel retailer's guidance came in below estimates as its growth in North America stagnates.Here's how company did in its fourth fiscal quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG, formerly known as Refinitiv:Earnings per share: $5.29 vs. $5.00 expectedRevenue: $3.21 billion vs. $3.19 billion expectedThe company's reported net income for the three-month period that e ...

07 September 2023, North Rhine-Westphalia, Cologne: Logo of canadian sports fashion label lululemon ... [+] on a store. Photo: Horst Galuschka/dpa (Photo by Horst Galuschka/picture alliance via Getty Images)dpa/picture alliance via Getty Images[Note: Lululemon’s FY’23 ended January 2024]Lululemon (NASDAQ: LULU), a company designing and selling athletic and casual apparel, is scheduled to report its fiscal fourth-quarter results on Thursday, March 21. We expect LULU stock to likely see little to no movement ...

VANCOUVER, British Columbia--(BUSINESS WIRE)--lululemon athletica inc. (NASDAQ: LULU) today announced the appointment of Teri List to serve on its Board of Directors, effective immediately. “Teri’s impressive experience as a business leader and board member for large, global companies will add great value as we continue to grow lululemon around the world,” said Martha Morfitt, Chair of the Board. “We’re pleased to welcome Teri to the lululemon Board of Directors and grateful to benefit from her extensive ...

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Wall Street analysts expect Lululemon (LULU) to post quarterly earnings of $5.01 per share in its upcoming report, which indicates a year-over-year increase of 13.9%. Revenues are expected to be $3.19 billion, up 15% from the year-ago quarter.The current level reflects a downward revision of 0.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Prior to a company ...

Investors have vastly different expectations for Nike (NKE -0.62%) and Lululemon Athletica (LULU -1.08%). While they compete in some of the same athletic apparel niches, one is growing sales at a robust pace and is boosting its profit margins at the same time. The other has seen shrinking demand even as price cuts pressure its earning power.These differing growth paths have made Nike stock seem like an obvious deal compared to its faster-growing industry peer. However, price isn't the only factor worth cons ...