$LULU (+1,1 %)
| Lululemon Q3 Earnings Highlights:

🔹 EPS: $2.87 (Est. $2.71) 🟢

🔹 Revenue: $2.4B (Est. $2.36B) 🟢; UP +9% YoY

🔹 Comparable Sales: +4%

🔸 Authorizes $1B Buyback

FY Guidance:

🔹 EPS: $14.08-$14.16 (Est. $13.95-$14.15) 🟢

🔹 Revenue: $10.452B-$10.487B (Est. $10.42B) 🟡

🔹 Assumes a tax rate of ~30%.

Q4 Guidance:

🔹 Revenue: $3.475B-$3.510B (Est. $3.50B) 🟡

🔹 EPS: $5.56-$5.64 (Est. $5.62) 🟡

🔹 Assumes a tax rate of ~29.5%.

Q3 Segments:

🔹 Americas Rev: +2% YoY

🔹 International Revenue: +33% YoY (30% constant currency)

🔹 Americas Comparable Sales: -2%

🔹 International Comparable Sales: +25% reported (+22% constant currency)

Margins:

🔹 Gross Margin: 58.5% (Est. 57.5%) 🟢; UP +150 bps YoY

🔹 Operating Margin: 20.5% (Est. 19.7%) 🟢; UP +520 bps YoY

Operational Metrics:

🔹 New Store Openings: 28 (including 14 in Mexico from acquisition), totaling 749 stores globally

🔹 Inventory: $1.8B (Est. $1.87B), UP +8% YoY

Shareholder Returns:

🔹 Stock Buybacks: Repurchased 1.6M shares for $408.5M

🔹 Stock Repurchase Program: Increased authorization by $1.0B; $1.8B remaining

CEO Commentary:

🔸 "Our results reflect continued global momentum, especially in international markets. With a strong start to the holiday season, we remain focused on elevating our U.S. business and expanding brand awareness worldwide."

— Calvin McDonald, CEO

Strategic Initiatives:

🔹 "Power of Three ×2" growth strategy to double 2021 revenue to $12.5B by 2026, focusing on product innovation, guest experience, and market expansion.