LULULEMON ATHLETICA Reports Flat Revenue for FY2024 Q2
September 3, 2023
🌥️Earnings Overview
For FY2024 Q2, LULULEMON ATHLETICA ($NASDAQ:LULU)’s total revenue remained at USD 2209.2 million, with no change from the same period the year prior. Net income also stayed steady at USD 341.6 million year over year. The company reported its earnings results on August 31 2023, as of July 31 2023.
Price History
On Thursday, LULULEMON ATHLETICA reported flat revenue growth for their second quarter of fiscal year 2024. The company’s stock opened at $379.3 and closed at $381.3, up by 1.2% from its prior closing price of 376.7. This marked a slight increase on the day despite the news of flat revenue growth. The company’s stock has been under pressure since the announcement with investors concerned about the lack of growth in such a competitive market. LULULEMON ATHLETICA has been struggling to maintain its competitive advantage, as more and more competitors have entered the space.
This has resulted in increased competition and lower prices, which has had a negative effect on the company’s bottom line. Despite this, LULULEMON ATHLETICA remains committed to its core mission of providing high-quality athletic apparel and equipment for athletes of all levels. The company is investing in new designs and products, as well as expanding their reach to international markets. With these efforts, the company is hoping to turn around their current stagnation and start delivering positive results in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lululemon Athletica. More…
| Total Revenues | Net Income | Net Margin |
| 8.84k | 1.01k | 14.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lululemon Athletica. More…
| Operations | Investing | Financing |
| 1.63k | -628.65 | -388.56 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lululemon Athletica. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.99k | 2.46k | 27.81 |
Key Ratios Snapshot
Some of the financial key ratios for Lululemon Athletica are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 31.7% | 36.8% | 22.1% |
| FCF Margin | ROE | ROA |
| 11.0% | 35.7% | 20.4% |
Analysis
At GoodWhale, we conducted a fundamental analysis of LULULEMON ATHLETICA‘s financials and came to the conclusion that it is classified as a ‘gorilla’ type of company. This means that it has achieved stable and high revenue or earning growth due to a strong competitive advantage. Investors who are interested in such companies may be looking for high returns with minimal risk. From our analysis, we can also see that LULULEMON ATHLETICA is strong in terms of assets, growth, and profitability, but weak in terms of dividend. Furthermore, the company has a high health score of 10/10 due to its healthy cashflows and lack of debt, which suggests that it is capable of sustaining future operations even in times of crisis. More…
Peers
Lululemon Athletica Inc is a yoga-inspired, technical athletic apparel company for women. The company operates in the United States, Canada, and Australia. Lululemon Athletica Inc’s main competitors are Buckle Inc, Citi Trends Inc, and Tilly’s Inc.
– Buckle Inc ($NYSE:BKE)
Buckle Inc is a leading retailer of casual apparel, footwear, and accessories for young men and women in the United States. As of 2022, the company has a market capitalization of 1.77 billion dollars and a return on equity of 55.65%. Buckle Inc operates over 450 stores in 44 states across the country, and offers its products through its website and catalog. The company’s mission is to provide great fashion at a great value for its customers.
– Citi Trends Inc ($NASDAQ:CTRN)
Citi Trends Inc is a value-priced retailer of urban fashion apparel, accessories and home décor. The company operates over 600 stores in 31 states. Citi Trends’ mission is to be the largest and most convenient source of trend-right fashion at the right price for our target demographic of urban youth.
– Tilly’s Inc ($NYSE:TLYS)
Tilly’s Inc is a company that operates in the retail industry. The company has a market cap of 239.38M as of 2022 and a return on equity of 19.35%. The company operates through two segments: stores and e-commerce. The company offers a variety of products including apparel, footwear, and accessories for men, women, and children. The company operates stores in California, Arizona, Nevada, and Texas.
Summary
LULULEMON ATHLETICA has reported strong financial results for Q2 of FY2024. The company saw total revenue of USD 2209.2 million, with no year-over-year change, and net income of USD 341.6 million, again remaining unchanged from the prior year. This indicates that the company is continuing to perform well, with a stable financial outlook that is attractive for investors.
With no major changes in financial figures, it appears that LULULEMON is making smart investments that are helping the company remain profitable. Investors looking to add the company to their portfolios may be looking at a strong return on their investment.
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