lululemon athletica inc. Announces Second Quarter Fiscal 2024 Results
lululemon athletica (NASDAQ:LULU) reported strong Q2 fiscal 2024 results, with revenue increasing 7% to $2.4 billion and comparable sales up 2% (3% on a constant dollar basis). Diluted EPS rose to $3.15, up from $2.68 in Q2 2023. The company saw significant growth in its international business, with revenue up 29% and comparable sales increasing 19%. However, the Americas segment showed slower growth, with revenue up only 1% and comparable sales decreasing 3%.
Gross profit increased 9% to $1.4 billion, with gross margin expanding 80 basis points to 59.6%. The company opened 10 net new stores, ending the quarter with 721 locations. For Q3 2024, lululemon expects revenue between $2.340-$2.365 billion and EPS of $2.68-$2.73. The full-year 2024 outlook projects revenue of $10.375-$10.475 billion and EPS of $13.95-$14.15.
lululemon athletica (NASDAQ:LULU) ha riportato risultati solidi per il Q2 dell'anno fiscale 2024, con ricavi in aumento del 7% a 2,4 miliardi di dollari e vendite comparabili in crescita del 2% (3% su base di valuta costante). L'EPS diluito è salito a 3,15 dollari, in aumento rispetto ai 2,68 dollari del Q2 2023. L'azienda ha visto una crescita significativa nel suo business internazionale, con ricavi in aumento del 29% e vendite comparabili cresciute del 19%. Tuttavia, il segmento Americhe ha mostrato una crescita più lenta, con ricavi in aumento solo dell'1% e vendite comparabili in calo del 3%.
Il profitto lordo è aumentato del 9% a 1,4 miliardi di dollari, con un margine lordo che si è espanso di 80 punti base al 59,6%. L'azienda ha aperto 10 nuovi punti vendita netti, chiudendo il trimestre con 721 sedi. Per il Q3 2024, lululemon prevede ricavi tra 2,340 e 2,365 miliardi di dollari e un EPS di 2,68-2,73 dollari. Le previsioni per l'intero anno 2024 stimano ricavi tra 10,375 e 10,475 miliardi di dollari e un EPS di 13,95-14,15 dollari.
lululemon athletica (NASDAQ:LULU) reportó resultados sólidos para el Q2 del año fiscal 2024, con ingresos que aumentaron un 7% a 2.4 mil millones de dólares y ventas comparables que crecieron un 2% (3% en términos de moneda constante). El EPS diluido aumentó a 3.15 dólares, por encima de los 2.68 dólares del Q2 2023. La compañía vio un crecimiento significativo en su negocio internacional, con ingresos en aumento del 29% y ventas comparables aumentando un 19%. Sin embargo, el segmento de las Américas mostró un crecimiento más lento, con ingresos aumentando solo un 1% y ventas comparables disminuyendo un 3%.
La utilidad bruta aumentó un 9% a 1.4 mil millones de dólares, con un margen bruto que se expandió en 80 puntos base al 59.6%. La compañía abrió 10 nuevas tiendas netas, cerrando el trimestre con 721 ubicaciones. Para el Q3 2024, lululemon espera ingresos entre 2.340 y 2.365 millones de dólares y un EPS de 2.68 a 2.73 dólares. La proyección para todo el año 2024 estima ingresos entre 10.375 y 10.475 millones de dólares y un EPS de 13.95 a 14.15 dólares.
룰루레몬 아틀레티카 (NASDAQ:LULU)는 2024 회계년도 2분기 실적을 발표하며, 수익이 7% 증가하여 24억 달러에 달하고, 동기 대비 매출이 2% 증가했다고 보고했습니다 (상수 달러 기준으로는 3% 증가). 희석 주당 순이익(EPS)가 3.15달러로 2023년 2분기의 2.68달러에서 상승했습니다. 회사는 해외 사업에서 29%의 수익 증가와 19%의 매출 증가를 기록하며 상당한 성장을 보였습니다. 그러나 아메리카 지역은 1%의 수익 증가와 3%의 매출 감소로 더 느린 성장을 나타냈습니다.
총 이익은 9% 증가하여 14억 달러에 달하며, 총 마진은 59.6%로 80 베이시스 포인트 확장되었습니다. 회사는 순 신규 매장 10개를 열어, 분기를 721개 매장으로 마감했습니다. 2024년 3분기에는 룰루레몬이 23.40억 달러에서 23.65억 달러 사이의 수익과 2.68-2.73달러의 EPS를 예상하고 있습니다. 2024년 전체 연도의 전망은 수익 103.75-104.75억 달러와 EPS 13.95-14.15달러로 예상됩니다.
lululemon athletica (NASDAQ:LULU) a annoncé des résultats solides pour le deuxième trimestre de l'exercice fiscal 2024, avec des revenus en hausse de 7% pour atteindre 2,4 milliards de dollars et des ventes comparables en augmentation de 2% (3% sur une base de dollar constant). Le BPA dilué a grimpé à 3,15 dollars, contre 2,68 dollars au Q2 2023. L'entreprise a connu une croissance significative de son activité internationale, avec des revenus en hausse de 29% et des ventes comparables augmentant de 19%. Cependant, le segment Amériques a montré une croissance plus lente, avec des revenus en hausse de seulement 1% et des ventes comparables en baisse de 3%.
Le bénéfice brut a augmenté de 9% pour atteindre 1,4 milliard de dollars, avec une marge brute s'élevant de 80 points de base à 59,6%. L'entreprise a ouvert 10 nouveaux magasins nets, terminant le trimestre avec 721 emplacements. Pour le Q3 2024, lululemon prévoit des revenus entre 2,340 et 2,365 milliards de dollars et un BPA de 2,68 à 2,73 dollars. Les prévisions pour l'année 2024 dans son ensemble indiquent des revenus de 10,375 à 10,475 milliards de dollars et un BPA de 13,95 à 14,15 dollars.
lululemon athletica (NASDAQ:LULU) berichtete über starke Q2-Finanzzahlen für 2024, mit Umsätzen, die um 7% auf 2,4 Milliarden Dollar stiegen und vergleichbare Verkäufe um 2% zulegten (3% bei konstantem Dollar). Der verwässerte EPS stieg auf 3,15 Dollar, im Vergleich zu 2,68 Dollar im Q2 2023. Das Unternehmen verzeichnete ein erhebliches Wachstum in seinem internationalen Geschäft, mit einem Umsatzwachstum von 29% und vergleichbaren Verkäufen, die um 19% zulegten. Der Amerika-Sektor hingegen zeigte ein langsameres Wachstum, mit nur 1% Umsatzwachstum und einem Rückgang der vergleichbaren Verkäufe um 3%.
Der Bruttogewinn erhöhte sich um 9% auf 1,4 Milliarden Dollar, wobei die Bruttomarge um 80 Basispunkte auf 59,6% stieg. Das Unternehmen eröffnete 10 netto neue Geschäfte und schloss das Quartal mit 721 Standorten ab. Für das Q3 2024 erwartet lululemon Umsätze zwischen 2,340 und 2,365 Milliarden Dollar sowie einen EPS von 2,68 bis 2,73 Dollar. Die Prognose für das gesamte Jahr 2024 geht von einem Umsatz von 10,375 bis 10,475 Milliarden Dollar und einem EPS von 13,95 bis 14,15 Dollar aus.
- Revenue increased 7% to $2.4 billion
- Diluted EPS grew to $3.15 from $2.68 year-over-year
- International net revenue surged 29%, with comparable sales up 19%
- Gross profit increased 9% to $1.4 billion
- Gross margin expanded 80 basis points to 59.6%
- Operating margin improved 110 basis points to 22.8%
- Company repurchased 1.9 million shares for $583.7 million
- Inventories decreased 14% year-over-year
- Americas comparable sales decreased 3%
- Americas net revenue growth was only 1%
- Effective income tax rate increased slightly to 29.6%
Insights
lululemon's Q2 results show mixed performance. While overall revenue grew
The gross margin improvement of 80 basis points to
The company's share repurchase program of
lululemon's Q2 results reveal interesting market dynamics. The stark contrast between international and Americas performance suggests a shifting global landscape for athleisure. The brand's
The modest
The company's focus on its "Power of Three ×2 growth plan" and strategic investments hint at efforts to revitalize growth in mature markets. Investors should watch for initiatives targeting the underperforming Americas segment, as this could be important for maintaining overall growth momentum.
Revenue increased
Comparable sales increased
Diluted EPS of
Calvin McDonald, Chief Executive Officer, stated: "In the second quarter, lululemon delivered revenue and earnings growth, with ongoing strength across our international business. In the
For the second quarter of 2024, compared to the second quarter of 2023:
-
Net revenue increased
7% to , or increased$2.4 billion 8% on a constant dollar basis.-
Americas net revenue increased1% , or2% on a constant dollar basis. -
International net revenue increased
29% , or31% on a constant dollar basis.
-
-
Comparable sales increased
2% , or3% on a constant dollar basis.-
Americas comparable sales decreased3% , or2% on a constant dollar basis. -
International comparable sales increased
19% , or22% on a constant dollar basis.
-
-
Gross profit increased
9% to .$1.4 billion -
Gross margin increased 80 basis points to
59.6% . -
Income from operations increased
13% to .$540.2 million -
Operating margin increased 110 basis points to
22.8% . -
The effective income tax rate for the second quarter of 2024 was
29.6% compared to29.8% for the second quarter of 2023. -
Diluted earnings per share were
compared to$3.15 in the second quarter of 2023.$2.68 -
The Company repurchased 1.9 million of its shares for a cost of
.$583.7 million - The Company opened 10 net new company-operated stores during the second quarter, ending with 721 stores.
Meghan Frank, Chief Financial Officer, stated: "Earnings per share exceeded our expectations in the second quarter, driven by better-than-expected gross margin expansion and disciplined execution. As we enter the back half of the year, we remain focused on executing on our near-term priorities, while strategically investing for long-term growth. I would like to thank our teams around the world for their commitment to lululemon."
Balance Sheet Highlights
The Company ended the second quarter of 2024 with
Inventories at the end of the second quarter of 2024 decreased
2024 Outlook
For the third quarter of 2024, the Company expects net revenue to be in the range of
For 2024, the Company now expects net revenue to be in the range of
The guidance does not reflect potential future repurchases of the Company's shares.
The guidance and outlook forward-looking statements made in this press release are based on management's expectations as of the date of this press release and do not incorporate future unknown impacts, including macroeconomic trends. The Company undertakes no duty to update or to continue to provide information with respect to any forward-looking statements or risk factors, whether as a result of new information or future events or circumstances or otherwise. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements as a result of risks and uncertainties, including those stated below.
Power of Three ×2
The Company's Power of Three ×2 growth plan calls for a doubling of the business from 2021 net revenue of
Conference Call Information
A conference call to discuss second quarter results is scheduled for today, August 29, 2024, at 4:30 p.m. Eastern time. Those interested in participating in the call are invited to dial 1-844-763-8274 or 1-647-484-8814, if calling internationally, approximately 10 minutes prior to the start of the call. A live webcast of the conference call will be available online at: https://corporate.lululemon.com/investors/news-and-events/events-and-presentations. A replay will be made available online approximately two hours following the live call for a period of 30 days.
About lululemon athletica inc.
lululemon athletica inc. (NASDAQ:LULU) is a technical athletic apparel, footwear, and accessories company for yoga, running, training, and most other activities, creating transformational products and experiences that build meaningful connections, unlocking greater possibility and wellbeing for all. Setting the bar in innovation of fabrics and functional designs, lululemon works with yogis and athletes in local communities around the world for continuous research and product feedback. For more information, visit lululemon.com.
Non-GAAP Financial Measures
Constant dollar changes are non-GAAP financial measures. A constant dollar basis assumes the average foreign currency exchange rates for the period remained constant with the average foreign currency exchange rates for the same period of the prior year. The Company provides constant dollar changes in its results to help investors understand the underlying growth rate of net revenue excluding the impact of changes in foreign currency exchange rates. Management uses these constant currency metrics internally when reviewing and assessing financial performance.
The Company's fiscal year ends on the Sunday closest to January 31st of the following year, typically resulting in a 52-week year, but occasionally giving rise to an additional week, resulting in a 53-week year. Fiscal 2023 was a 52-week year while 2024 will be a 53-week year. The expected net revenue increase excluding the 53rd week excludes the expected net revenue for the 53rd week of 2024. This enables an evaluation of the expected year-over-year increase in net revenue based on 52 weeks in each year.
The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or with greater prominence to, the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures, please see the section captioned "Reconciliation of Non-GAAP Financial Measures" included in the accompanying financial tables, which includes more detail on the GAAP financial measure that is most directly comparable to each non-GAAP financial measure, and the related reconciliations between these financial measures. The Company's non-GAAP financial measures may be calculated differently from, and therefore may not be directly comparable to, similarly titled measures reported by other companies.
Forward-Looking Statements:
This press release includes estimates, projections, statements relating to the Company's business plans, objectives, and expected operating results that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. In many cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "outlook," "believes," "intends," "estimates," "predicts," "potential" or the negative of these terms or other comparable terminology. These forward-looking statements also include the Company's guidance and outlook statements. These statements are based on management's current expectations but they involve a number of risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in the forward-looking statements as a result of risks and uncertainties, which include, without limitation: the Company's ability to maintain the value and reputation of its brand; changes in consumer shopping preferences and shifts in distribution channels; the acceptability of its products to guests; its highly competitive market and increasing competition; increasing costs and decreasing selling prices; its ability to anticipate consumer preferences and successfully develop and introduce new, innovative and updated products; its ability to accurately forecast guest demand for its products; its ability to expand in light of its limited operating experience and limited brand recognition in new international markets and new product categories; its ability to manage its growth and the increased complexity of its business effectively; its ability to successfully open new store locations in a timely manner; seasonality; disruptions of its supply chain; its reliance on a relatively small number of vendors to supply and manufacture a significant portion of its products; suppliers or manufacturers not complying with its Vendor Code of Ethics or applicable laws; its ability to deliver its products to the market and to meet guest expectations if it has problems with its distribution system; increasing labor costs and other factors associated with the production of its products in
lululemon athletica inc.
The fiscal year ending February 2, 2025 is referred to as "2024" and the fiscal year ended January 28, 2024 is referred to as "2023".
Condensed Consolidated Statements of Operations
Unaudited; Expressed in thousands, except per share amounts
|
|
Second Quarter |
|
First Two Quarters |
||||||||
|
|
2024 |
|
2023 |
|
2024 |
|
2023 |
||||
Net revenue |
|
$ |
2,371,078 |
|
$ |
2,209,165 |
|
$ |
4,579,969 |
|
$ |
4,209,957 |
Costs of goods sold |
|
|
958,893 |
|
|
910,654 |
|
|
1,892,716 |
|
|
1,760,641 |
Gross profit |
|
|
1,412,185 |
|
|
1,298,511 |
|
|
2,687,253 |
|
|
2,449,316 |
As a percentage of net revenue |
|
|
|
|
|
|
|
|
|
|
|
|
Selling, general and administrative expenses |
|
|
871,959 |
|
|
817,375 |
|
|
1,714,385 |
|
|
1,564,888 |
As a percentage of net revenue |
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of intangible assets |
|
|
— |
|
|
1,879 |
|
|
— |
|
|
3,757 |
Income from operations |
|
|
540,226 |
|
|
479,257 |
|
|
972,868 |
|
|
880,671 |
As a percentage of net revenue |
|
|
|
|
|
|
|
|
|
|
|
|
Other income (expense), net |
|
|
17,994 |
|
|
7,362 |
|
|
41,277 |
|
|
15,387 |
Income before income tax expense |
|
|
558,220 |
|
|
486,619 |
|
|
1,014,145 |
|
|
896,058 |
Income tax expense |
|
|
165,298 |
|
|
145,016 |
|
|
299,802 |
|
|
264,050 |
Net income |
|
$ |
392,922 |
|
$ |
341,603 |
|
$ |
714,343 |
|
$ |
632,008 |
|
|
|
|
|
|
|
|
|
||||
Basic earnings per share |
|
$ |
3.15 |
|
$ |
2.69 |
|
$ |
5.70 |
|
$ |
4.97 |
Diluted earnings per share |
|
$ |
3.15 |
|
$ |
2.68 |
|
$ |
5.69 |
|
$ |
4.96 |
Basic weighted-average shares outstanding |
|
|
124,721 |
|
|
126,969 |
|
|
125,358 |
|
|
127,108 |
Diluted weighted-average shares outstanding |
|
|
124,857 |
|
|
127,263 |
|
|
125,600 |
|
|
127,442 |
lululemon athletica inc.
Condensed Consolidated Balance Sheets
Unaudited; Expressed in thousands
|
|
July 28, 2024 |
|
January 28, 2024 |
|
July 30, 2023 |
|||
ASSETS |
|
|
|
|
|
|
|||
Current assets |
|
|
|
|
|
|
|||
Cash and cash equivalents |
|
$ |
1,610,112 |
|
$ |
2,243,971 |
|
$ |
1,107,530 |
Inventories |
|
|
1,429,043 |
|
|
1,323,602 |
|
|
1,660,753 |
Prepaid and receivable income taxes |
|
|
210,969 |
|
|
183,733 |
|
|
224,916 |
Other current assets |
|
|
321,620 |
|
|
309,271 |
|
|
330,734 |
Total current assets |
|
|
3,571,744 |
|
|
4,060,577 |
|
|
3,323,933 |
Property and equipment, net |
|
|
1,614,893 |
|
|
1,545,811 |
|
|
1,367,172 |
Right-of-use lease assets |
|
|
1,302,947 |
|
|
1,265,610 |
|
|
1,079,198 |
Goodwill and intangible assets, net |
|
|
23,925 |
|
|
24,083 |
|
|
42,380 |
Deferred income taxes and other non-current assets |
|
|
230,626 |
|
|
195,860 |
|
|
179,775 |
Total assets |
|
$ |
6,744,135 |
|
$ |
7,091,941 |
|
$ |
5,992,458 |
LIABILITIES AND STOCKHOLDERS' EQUITY |
|
|
|
|
|
|
|||
Current liabilities |
|
|
|
|
|
|
|||
Accounts payable |
|
$ |
317,348 |
|
$ |
348,441 |
|
$ |
298,914 |
Accrued liabilities and other |
|
|
396,423 |
|
|
348,555 |
|
|
399,178 |
Accrued compensation and related expenses |
|
|
174,702 |
|
|
326,110 |
|
|
192,289 |
Current lease liabilities |
|
|
278,067 |
|
|
249,270 |
|
|
216,837 |
Current income taxes payable |
|
|
19,231 |
|
|
12,098 |
|
|
20,576 |
Unredeemed gift card liability |
|
|
250,754 |
|
|
306,479 |
|
|
216,116 |
Other current liabilities |
|
|
32,126 |
|
|
40,308 |
|
|
42,460 |
Total current liabilities |
|
|
1,468,651 |
|
|
1,631,261 |
|
|
1,386,370 |
Non-current lease liabilities |
|
|
1,180,823 |
|
|
1,154,012 |
|
|
976,736 |
Non-current income taxes payable |
|
|
— |
|
|
15,864 |
|
|
15,864 |
Deferred income tax liability |
|
|
28,876 |
|
|
29,522 |
|
|
55,258 |
Other non-current liabilities |
|
|
34,140 |
|
|
29,201 |
|
|
24,748 |
Stockholders' equity |
|
|
4,031,645 |
|
|
4,232,081 |
|
|
3,533,482 |
Total liabilities and stockholders' equity |
|
$ |
6,744,135 |
|
$ |
7,091,941 |
|
$ |
5,992,458 |
lululemon athletica inc.
Condensed Consolidated Statements of Cash Flows
Unaudited; Expressed in thousands
|
|
First Two Quarters |
||||||
|
|
|
2024 |
|
|
|
2023 |
|
Cash flows from operating activities |
|
|
|
|
||||
Net income |
|
$ |
714,343 |
|
|
$ |
632,008 |
|
Adjustments to reconcile net income to net cash provided by operating activities |
|
|
(143,679 |
) |
|
|
(109,795 |
) |
Net cash provided by operating activities |
|
|
570,664 |
|
|
|
522,213 |
|
Net cash used in investing activities |
|
|
(266,625 |
) |
|
|
(283,660 |
) |
Net cash used in financing activities |
|
|
(916,543 |
) |
|
|
(305,651 |
) |
Effect of foreign currency exchange rate changes on cash and cash equivalents |
|
|
(21,355 |
) |
|
|
19,761 |
|
Decrease in cash and cash equivalents |
|
|
(633,859 |
) |
|
|
(47,337 |
) |
Cash and cash equivalents, beginning of period |
|
|
2,243,971 |
|
|
|
1,154,867 |
|
Cash and cash equivalents, end of period |
|
$ |
1,610,112 |
|
|
$ |
1,107,530 |
|
lululemon athletica inc.
Reconciliation of Non-GAAP Financial Measures
Unaudited
Constant dollar changes
The below changes show the change for the second quarter of 2024 compared to the second quarter of 2023.
|
|
Net Revenue |
|||||||
|
|
Change |
|
Foreign exchange |
|
Change in constant dollars |
|||
|
|
— |
% |
|
— |
% |
|
— |
% |
|
|
8 |
|
|
3 |
|
|
11 |
|
|
|
1 |
|
|
1 |
|
|
2 |
|
|
|
|
|
|
|
|
|||
|
|
34 |
|
|
3 |
|
|
37 |
|
Rest of World |
|
24 |
|
|
3 |
|
|
27 |
|
Total international |
|
29 |
|
|
2 |
|
|
31 |
|
|
|
|
|
|
|
|
|||
Total |
|
7 |
% |
|
1 |
% |
|
8 |
% |
|
|
Comparable Sales(1) |
|||||||
|
|
Change |
|
Foreign exchange |
|
Change in constant dollars |
|||
|
|
(3 |
)% |
|
1 |
% |
|
(2 |
)% |
|
|
|
|
|
|
|
|||
|
|
21 |
|
|
2 |
|
|
23 |
|
Rest of World |
|
17 |
|
|
3 |
|
|
20 |
|
Total international |
|
19 |
|
|
3 |
|
|
22 |
|
|
|
|
|
|
|
|
|||
Total |
|
2 |
% |
|
1 |
% |
|
3 |
% |
__________ |
||
(1) |
|
Comparable sales includes comparable company-operated store and e-commerce net revenue. Comparable company-operated stores have been open for at least 12 full fiscal months, or open for at least 12 full fiscal months after being significantly expanded. Comparable company-operated stores exclude stores which have been temporarily relocated for renovations or have been temporarily closed. |
Expected net revenue increase excluding the 53rd week
The Company's fiscal year ends on the Sunday closest to January 31st of the following year, typically resulting in a 52-week year, but occasionally giving rise to an additional week, resulting in a 53-week year. Fiscal 2023 was a 52-week year while 2024 will be a 53-week year.
|
|
Fiscal 2024 |
Expected net revenue increase |
|
|
Impact of 53rd week |
|
(2)% |
Expected net revenue increase excluding the 53rd week (non-GAAP) |
|
|
lululemon athletica inc.
Company-operated Store Count and Square Footage(1)
Square footage expressed in thousands
|
|
Number of Stores Open at the Beginning of the Quarter |
|
Number of Stores Opened During the Quarter |
|
Number of Stores Closed During the Quarter |
|
Number of Stores Open at the End of the Quarter |
3rd Quarter 2023 |
|
672 |
|
15 |
|
1 |
|
686 |
4th Quarter 2023 |
|
686 |
|
26 |
|
1 |
|
711 |
1st Quarter 2024 |
|
711 |
|
5 |
|
5 |
|
711 |
2nd Quarter 2024 |
|
711 |
|
11 |
|
1 |
|
721 |
|
|
Total Gross Square Feet at the Beginning of the Quarter |
|
Gross Square Feet Added During the Quarter(2) |
|
Gross Square Feet Lost During the Quarter(2) |
|
Total Gross Square Feet at the End of the Quarter |
3rd Quarter 2023 |
|
2,691 |
|
109 |
|
3 |
|
2,797 |
4th Quarter 2023 |
|
2,797 |
|
173 |
|
3 |
|
2,967 |
1st Quarter 2024 |
|
2,967 |
|
35 |
|
14 |
|
2,988 |
2nd Quarter 2024 |
|
2,988 |
|
90 |
|
3 |
|
3,075 |
__________ | ||
(1) |
|
Company-operated store count and square footage summary excludes retail locations operated by third parties under license and supply arrangements. |
(2) |
|
Gross square feet added/lost during the quarter includes net square foot additions for company-operated stores which have been renovated or relocated in the quarter. |
View source version on businesswire.com: https://www.businesswire.com/news/home/20240829588190/en/
Investor Contacts:
lululemon athletica inc.
Howard Tubin
1-604-732-6124
or
ICR, Inc.
Joseph Teklits/Caitlin Churchill
1-203-682-8200
Media Contacts:
lululemon athletica inc.
Erin Hankinson
1-604-732-6124
or
lululemon athletica inc.
Madi Wallace
1-604-732-6124
Source: lululemon athletica inc.
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