lululemon athletica inc
- Lululemon Athletica Inc. plunged 22.4% to $256.78 after the apparel company reported lower earnings for its first quarter of fiscal 2025, ending on May 4.
Revenue climbed to $2.37 billion from $2.20 billion, net income fell to $314.57 million from $321.42 million, and diluted earnings per share rose to $2.60 from $2.54 a year ago because of a fewer outstanding shares.
Comparable sales increased 1% from a year earlier, as sales in the Americas decreased 1% and international sales edged up 7% on a constant dollar basis.
The company repurchased 1.4 million of its shares for a cost of $430.4 million in the quarter and added three new company-operated stores, ending with 770 stores.
Lululemon guided second-quarter revenue to be between $2.53 billion and $2.56 billion, an increase of 7% to 8% from $2.37 billion, and diluted earnings per share between $2.85 and $2.90, compared to $3.15 a year ago, respectively.
For the full year, the apparel retailer estimated revenue to range between $11.15 billion and $11.30 billion, representing growth of 5% to 7% from $10.59 billion, and diluted earnings per share between $14.58 and $14.78, compared to $14.64 a year earlier, respectively.
Jun 6, 2025 - Lululemon Athletica Inc. plunged 12.1% to $301.03, and the sports apparel retailer's results surpassed market expectations, but a weak outlook and tariff worries overshadowed the results.
Revenue increased to $3.6 billion from $3.2 billion a year ago, net income jumped to $748.4 million from $669.45 million, and diluted earnings per share rose to $6.14 from $5.29 a year ago.
Improved results were driven by higher net revenue in all company segments: Americas, China, and the rest of the world.
Global comparable sales increased 3%, or 4% on a constant dollar basis.
Sales in the Americas region increased 7%, or 8% on a constant dollar basis, with comparable sales remaining flat in the quarter.
Sales in China surged 46%, or 48% on a constant dollar basis, with comparable sales advancing 26%, or 27% on a constant dollar basis.
Lululemon guided for fiscal 2025 revenue to be between $11.15 billion and $11.30 billion, or growth of only 5% to 7%, compared to $10.59 billion in 2024.
Diluted earnings per share are expected to be between $14.95 and $15.15 per share for the year, compared to $14.64 per share in 2024.
For the first quarter of 2025, the company estimated net revenue to be between $2.33 billion and $2.35 billion, or growth of 6% to 7%, compared to $2.21 billion a year ago, and diluted earnings per share between $2.53 and $2.58, compared to $2.54 in the same quarter a year ago.
China's net revenue was $425.0 million, or 12% of total revenue, compared to $290.7 million, or 9% of total revenue, in the fourth quarter of 2023.
Lululemon opened 13 new stores in China during the quarter, three net new stores in the Americas, and two new stores in its rest of the world segment.
Total company-operated stores at the end of the quarter increased to 747, compared to 711 for the same period in 2023.
During the quarter, the company repurchased 0.9 million shares for $332.2 million.
Mar 28, 2025 - Lululemon Athletica increased 1.9% to $403.29 after the specialty apparel retailer lifted its fourth quarter sales outlook.
The company now estimated sales to increase between 11% and 12% to between $3.56 billion and $3.58 billion, higher than the previous range between $3.48 billion and $3.51 billion.
The company is now forecasting its earnings per share to range between $5.81 and $5.85 compared to the previous estimate between $5.56 and $5.64.
Jan 13, 2025 - Lululemon Athletica Inc. increased 8.5% to $373.80, and the athleisure apparel retailer reported better-than-expected quarterly earnings.
Revenue in the fiscal third quarter ending in October increased 9% to $2.4 billion, net income soared to $351.9 million from $248.7 million, and diluted earnings per share advanced to $2.87 from $1.96 a year ago.
For the fourth quarter of 2024, the retailer estimated net revenue to be in the range of $3.475 billion to $3.510 billion, representing growth of 8% to 10%, or 3% to 4% excluding the 53rd week of 2024.
Diluted earnings per share are expected to be in the range of $5.56 to $5.64 for the quarter, assuming a tax rate of approximately 29.5%.
For full-year 2024, the company now expects net revenue to be in the range of $10.452 billion to $10.487 billion, representing growth of 9%, or 7% excluding the 53rd week of 2024.
Diluted earnings per share are now expected to be in the range of $14.08 to $14.16 for the year, assuming a tax rate of approximately 30%.
Dec 6, 2024 - Lululemon Athletica dropped 14% to $413.0 after the athleisure retailer reported strong holiday quarter sales, but its outlook for the current quarter fell short of analysts' expectations.
Net revenue in the fiscal fourth quarter ending in January increased 16% to $3.2 billion from $2.8 billion.
Net revenues in the Americas increased at a slower pace of 9%, driven by a 7% increase in comparable sales.
International revenue soared 54%, and comparable sales soared 43%, driven by a rebound in activities after China ended its COVID-19 restrictions.
Net income jumped to $669.4 million from $119.8 million, and diluted earnings per share advanced to $5.30 from 94 cents a year ago.
Inventories at the end of 2023 decreased by 9% to $1.3 billion, compared to $1.4 billion at the end of 2022.
For the first quarter of 2024, the company expects net revenue to be in the range of $2.175 billion to $2.200 billion, representing growth of 9% to 10%.
In the quarter, diluted earnings per share are expected to be in the range of $2.35 to $2.40.
For the full-year 2024, the retailer expects net revenue to be in the range of $10.7 billion to $10.8 billion, representing growth of 11% to 12%, or 10% to 11% excluding the 53rd week of 2024.
For the full-year 2024, diluted earnings per share are expected to be in the range of $14.00 to $14.20.
Mar 23, 2024
| Year | May | Aug | Nov | Feb | Annual | |
|---|---|---|---|---|---|---|
| 2023 | 0.94 | 2.28 | 2.68 | 1.96 | - | |
| 2022 | 3.35 | 1.48 | 2.26 | 2.00 | 6.68 | |
| 2021 | 2.52 | 1.11 | 1.59 | 1.44 | 7.49 | |
| 2020 | 2.27 | 0.22 | 0.66 | 1.1 | 4.5 | |
| 2019 | 1.64 | 0.74 | 0.96 | 0.96 | 4.93 | |
| 2018 | 0.88 | 0.55 | 0.71 | 0.71 | 3.61 | |
| 2017 | 1 | 0.32 | 0.39 | 0.56 | 2.27 | |
| 2016 | 0.85 | 0.33 | 0.38 | 0.47 | 1.7 | |
| 2015 | 0.78 | 0.34 | 0.34 | 0.35 | 1.81 | |
| 2014 | 0.13 | 0.33 | 0.42 | 0.75 | 1.91 | |
| 2013 | 0.32 | 0.39 | 0.45 | 0.75 | 1.85 | |
| 2012 | 0.32 | 0.39 | 0.39 | 0.51 | 1.27 | |
| 2011 | 0.23 | 0.26 | 0.27 | 0.39 | 0.85 | |
| 2010 | 0.14 | 0.15 | 0.18 | 0.20 | 0.41 | |
| 2009 | 0.05 | 0.07 | 0.10 | 0.07 | 0.28 | |
| 2008 | 0.06 | 0.08 | 0.07 | 0.11 | 0.23 | |
| 2007 | 0.03 | 0.04 | 0.06 | - | 0.06 | |
| 2006 | - | 0.02 | 0.01 | - | 0.02 |