3Sem.·

Lululemon Athletica Q1 Earnings Highlights

$LULU (+1,64 %)


🔹 Revenue: $2.4B (Est. $2.36B) 🟢; UP +7% YoY (or +8% on cc)

🔹 EPS: $2.60 (Est. $2.58) 🟢

🔹 Comparable Sales: UP +1%


FY Guidance

🔹 Revenue: $11.15B–$11.3B (Est. $11.24B) 🔴

🔹 EPS: $14.58–$14.78 (Est. $14.94) 🔴

🔸 Full-year revenue growth expected +5% to +7%, or +7% to +8% excluding 53rd week effect

🔸 Guidance excludes any impact from future share repurchases

🔸 Forecasts based on management’s expectations; excludes macro and tariff uncertainties


Q2 Guidance

🔹 Revenue: $2.535B–$2.56B (Est. $2.57B) 🔴

🔹 EPS: $2.85–$2.90 (Est. $3.32) 🔴

🔸 Assumes ~30% tax rate

🔸 Revenue Growth Outlook: +7% to +8% YoY


Q1 Geographic Performance

🔹 Americas Revenue: UP +3% YoY (or +4% cc)

🔹 International Revenue: UP +19% YoY (or +20% cc)

🔹 Americas Comparable Sales: DOWN -2% (or -1% cc)

🔹 International Comparable Sales: UP +6% (or +7% cc)


Other Key Q1 Metrics:

🔹 Gross Profit: $1.4B; UP +8% YoY

🔹 Gross Margin: 58.3% (UP +60 bps YoY)

🔹 Operating Income: $438.6M; UP +1% YoY

🔹 Operating Margin: 18.5% (DOWN -110 bps YoY)

🔹 Effective Tax Rate: 30.2% (vs. 29.5% YoY)

🔹 Shares Repurchased: 1.4M shares for $430.4M

🔹 Cash & Cash Equivalents: $1.3B

🔹 Total Stores: 770 (Net +3 stores in Q1)

🔹 Inventory: $1.7B; UP +23% YoY (UP +16% on unit basis)


CEO & CFO Commentary

🔸 CEO Calvin McDonald:

“In the first quarter, we achieved growth across channels, categories, and markets, including the U.S., reflecting the continued strength and agility of our business model. We’re leveraging our financial strength to play offense, even in a dynamic macroenvironment.”


🔸 CFO Meghan Frank:

“We delivered revenue at the high end of our Q1 guidance and are pleased with how Q2 has started. We're operating with discipline and remain focused on long-term strategy.”

3
7 Commentaires

image de profil
slight guidance miss: -25%. nice
1
image de profil
@SemiGrowth if I didn't have $DECK I would buy
image de profil
this is sick
I'm afraid that $DECK is also so bad
image de profil
@Memo0606 that’s funny, DECK and LULU are two of my favorite stocks right now. Excellent companies being beaten down more than they deserve on some slightly bad news.
1
image de profil
My son has owned LULU forever, I’m a fan at these valuation though. Their numbers are still ridiculous.
Utilisateur supprimé
3Sem.
Le commentaire a été supprimé
image de profil
@_Hippo_ yes, but I already have $DECK
Participez à la conversation