AI English summary of an SEC filing — figures as filed
Lululemon Athletica LULULululemon Athletica said net revenue for fiscal 2024 increased 10% to $10.6 billion, and operating margin rose 150 basis points to 23.7%. Fiscal 2024 was a 53-week year, and net revenue for the 53rd week was $163.2 million.
Key points
AI summaryLululemon Athletica said net revenue for fiscal 2024 increased 10% to $10.6 billion, and operating margin rose 150 basis points to 23.7%. Fiscal 2024 was a 53-week year, and net revenue for the 53rd week was $163.2 million.
The company said China Mainland net revenue increased 41%, Rest of World increased 27%, and the Americas grew 4%. Comparable sales, excluding the 53rd week, increased 4% overall, while the Americas declined 1%.
Lululemon Athletica said gross margin rose 90 basis points to 59.2%, and in fiscal 2023, an inventory obsolescence provision of $23.7 million related to the decision to cease selling the lululemon Studio Mirror reduced margin by 30 basis points. Adjusted gross margin increased 60 basis points.
The company repurchased 5.1 million shares for $1.6 billion in fiscal 2024, and its board of directors approved increases in the stock repurchase authorization totaling $2.0 billion during 2024. In fiscal 2023, the company repurchased 1.5 million shares for $558.7 million.
Key figures
Fiscal year ended February 2, 2025
- Revenue
- $9.6B
- Operating income
- $2.1B
- Net income
- $1.6B
- EPS
- $12.20
- Gross profit
- $5.6B
- Operating cash flow
- $2.3B
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Annual net revenue up 10%, operating margin 23.7%
Lululemon Athletica said net revenue for fiscal 2024 increased 10% to $10.6 billion, and operating margin rose 150 basis points to 23.7%. Fiscal 2024 was a 53-week year, and net revenue for the 53rd week was $163.2 million.
Source · Based on the MD&A text of the filing
Regional revenue and comparable sales changes
The company said China Mainland net revenue increased 41%, Rest of World increased 27%, and the Americas grew 4%. Comparable sales, excluding the 53rd week, increased 4% overall, while the Americas declined 1%.
Source · Based on the MD&A text of the filing
Gross margin 59.2% and lululemon Studio items
Lululemon Athletica said gross margin rose 90 basis points to 59.2%, and in fiscal 2023, an inventory obsolescence provision of $23.7 million related to the decision to cease selling the lululemon Studio Mirror reduced margin by 30 basis points. Adjusted gross margin increased 60 basis points.
Source · Based on the MD&A text of the filing
Share repurchases of $1.6 billion
The company repurchased 5.1 million shares for $1.6 billion in fiscal 2024, and its board of directors approved increases in the stock repurchase authorization totaling $2.0 billion during 2024. In fiscal 2023, the company repurchased 1.5 million shares for $558.7 million.
Source · Based on the MD&A text of the filing
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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