The earnings call highlighted strong revenue growth, record-breaking Black Friday sales, and significant international expansion, while addressing challenges related to the Lululemon Studio business and increased SG&A expenses. The overall sentiment is positive with some caution due to macroeconomic factors.

Company Guidance

During the Lululemon Athletica Q3 2024 earnings call, the company provided comprehensive guidance, emphasizing a strong performance with several key metrics. Revenue for the quarter increased by 19% year-over-year to $2.2 billion, fueled by a 9% increase in store sales and a 19% rise in the e-commerce segment. Adjusted earnings per share rose by 27% compared to the same period last year. The company also reported a 53% increase in revenue from Greater China, contributing to a 49% growth in international markets. Lululemon's gross profit margin improved by 220 basis points to 58.1%, driven by lower freight costs. Inventory management was notable, with a 4% decrease in inventory value, setting expectations for flat to slightly down inventory by the end of Q4. The company issued guidance for Q4, projecting revenues between $3.135 billion and $3.170 billion, a 13% to 14% growth, and EPS in the range of $4.85 to $4.93. For the full fiscal year 2023, revenue is expected between $9.549 billion and $9.584 billion, marking an 18% increase, alongside a projected 70 basis points increase in adjusted operating margin.

Record-Breaking Black Friday

Black Friday was the single biggest day in company history, showing strength across both store and e-commerce channels.

Strong Revenue and Growth

Revenue increased 19% year-over-year, with comparable sales growing 9% in stores and 19% in e-commerce. Adjusted EPS increased 27%.

International Expansion Success

International revenue increased 49%, with Greater China increasing 53%.

Women's and Men's Business Growth

Women's business increased 19%, while Men's business grew 15%.

New Share Repurchase Program

A new $1 billion share repurchase program was authorized, reflecting optimism in growth.

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Lululemon Athletica (LULU) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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LULU Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 01, 2025	2024 (Q4)	5.65 / -	5.28	―	―	―
Dec 05, 2024	2024 (Q3)	2.71 / 2.87	2.53	13.44% (+0.34)
Aug 29, 2024	2024 (Q2)	2.95 / 3.15	2.68	17.54% (+0.47)
Jun 05, 2024	2024 (Q1)	2.42 / 2.54	2.28	11.40% (+0.26)
Mar 21, 2024	2023 (Q4)	5.00 / 5.28	4.4	20.00% (+0.88)
Dec 07, 2023	2023 (Q3)	2.28 / 2.53	2	26.50% (+0.53)
Aug 31, 2023	2023 (Q2)	2.54 / 2.68	2.2	21.82% (+0.48)
Jun 01, 2023	2023 (Q1)	1.96 / 2.28	1.48	54.05% (+0.80)
Mar 28, 2023	2022 (Q4)	4.26 / 4.40	3.37	30.56% (+1.03)
Dec 08, 2022	2022 (Q3)	1.97 / 2.00	1.62	23.46% (+0.38)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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LULU Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Dec 05, 2024	$344.81	$399.60	+15.89%
Aug 29, 2024	$259.01	$259.47	+0.18%
Jun 05, 2024	$308.27	$323.03	+4.79%
Mar 21, 2024	$478.84	$403.19	-15.80%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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