The company said net revenue for Q2 rose 7% from a year earlier to $2.4 billion, and rose 8% on a constant dollar basis. Americas net revenue increased 1%, and International net revenue increased 29%.

1. 01

   The company said net revenue for Q2 rose 7% from a year earlier to $2.4 billion, and rose 8% on a constant dollar basis. Americas net revenue increased 1%, and International net revenue increased 29%.

2. 02

   Lululemon said gross margin for Q2 rose 80 basis points to 59.6%, and income from operations grew 13% to $540.2 million. Diluted earnings per share were $3.15, compared with $2.68 a year earlier.

3. 03

   The company said it ended Q2 with $1.6 billion in cash and cash equivalents, and inventories fell 14% from $1.7 billion a year earlier to $1.4 billion. It also said it repurchased 1.9 million shares for $583.7 million during Q2.

4. 04

   The company said it now expects net revenue for fiscal 2024 to be in the range of $10.375 billion to $10.475 billion, and diluted earnings per share to be in the range of $13.95 to $14.15. The outlook does not reflect potential future share repurchases.

Analysis 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.

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

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