AI English summary of an SEC filing — figures as filed
Lululemon Athletica LULUThe company said net revenue for Q4 rose 16% year over year to $3.2 billion, and full-year net revenue rose 19% to $9.6 billion. Diluted earnings per share for Q4 were $5.29, and full-year diluted earnings per share were $12.20 (adjusted $12.77).
Key points
AI summaryThe company said net revenue for Q4 rose 16% year over year to $3.2 billion, and full-year net revenue rose 19% to $9.6 billion. Diluted earnings per share for Q4 were $5.29, and full-year diluted earnings per share were $12.20 (adjusted $12.77).
The company said gross margin for Q4 rose 430 basis points to 59.4%, and operating margin rose from 11.3% a year earlier to 28.5%. Operating income for Q4 was $913.9 million, and adjusted operating margin rose 20 basis points to 28.5%.
The company said its adjusted non-GAAP measures exclude certain inventory provisions, goodwill and other asset impairments, and restructuring costs related to lululemon Studio, as well as the gain on the sale of an administrative office building and the related tax effects. Full-year operating margin was 22.2%, and adjusted operating margin was 23.2%.
Lululemon Athletica said net cash provided by operating activities for the year was $2,296,164 thousand ($966,463 thousand a year earlier), and cash and cash equivalents at the end of fiscal 2023 were $2.2 billion ($1.2 billion at the end of the prior year). It said it repurchased 1.5 million shares for $554.6 million during the same year.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Q4 Net Revenue $3.2 billion, Full-Year $9.6 billion
The company said net revenue for Q4 rose 16% year over year to $3.2 billion, and full-year net revenue rose 19% to $9.6 billion. Diluted earnings per share for Q4 were $5.29, and full-year diluted earnings per share were $12.20 (adjusted $12.77).
Source · Based on the filing body and exhibits
Q4 Gross Margin 59.4%, Operating Margin 28.5%
The company said gross margin for Q4 rose 430 basis points to 59.4%, and operating margin rose from 11.3% a year earlier to 28.5%. Operating income for Q4 was $913.9 million, and adjusted operating margin rose 20 basis points to 28.5%.
Source · Based on the filing body and exhibits
Adjusted Items Related to lululemon Studio
The company said its adjusted non-GAAP measures exclude certain inventory provisions, goodwill and other asset impairments, and restructuring costs related to lululemon Studio, as well as the gain on the sale of an administrative office building and the related tax effects. Full-year operating margin was 22.2%, and adjusted operating margin was 23.2%.
Source · Based on the filing body and exhibits
Full-Year Operating Cash Flow and Year-End Cash
Lululemon Athletica said net cash provided by operating activities for the year was $2,296,164 thousand ($966,463 thousand a year earlier), and cash and cash equivalents at the end of fiscal 2023 were $2.2 billion ($1.2 billion at the end of the prior year). It said it repurchased 1.5 million shares for $554.6 million during the same year.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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