LULULEMON ATHLETICA Reports Stable Second Quarter Revenues for 2024
September 5, 2023
☀️Earnings Overview
LULULEMON ATHLETICA ($NASDAQ:LULU) reported on July 31 2023 that total revenue for the second quarter of 2024 had not changed from the previous year, remaining at USD 2209.2 million. Additionally, net income was reported as USD 341.6 million, the same year over year.
Market Price
This report demonstrates a strong financial performance for the company, despite the economic uncertainty that has been prevalent throughout the year. The company is focusing on developing and introducing new products and services in order to continue expanding their business and market share. They are also increasing their online presence through various partnerships with other companies and launching new digital initiatives. This has allowed LULULEMON ATHLETICA to remain relevant and keep up with customer demands and preferences in an ever-changing market.
These initiatives include investing in new technologies, continuing to develop its existing product lines, and expanding its presence in worldwide markets. Overall, this report provides encouraging news for investors, as LULULEMON ATHLETICA has maintained a steady financial performance and is continuing to seek new opportunities for growth in order to remain competitive in the marketplace. 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
GoodWhale is here to help you analyze LULULEMON ATHLETICA‘s fundamentals. According to our Risk Rating, LULULEMON ATHLETICA is a high risk investment in terms of financial and business aspects. To further understand the risks associated with this company, register with GoodWhale and you can view the 3 risk warnings we have detected in income sheet, balance sheet, and non financial. With this data, you can make more informed decisions about your investments. 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 reported its second quarter results for fiscal year 2024 with total revenue staying consistent year-over-year at USD 2209.2 million. Net income also remained unchanged at USD 341.6 million. Despite the lack of growth, investors may be encouraged by the stability of the company’s earnings and revenue numbers as well as its commitment to dividend payments. With its strong market presence and expanding product offering, Lululemon Athletica remains an attractive investment opportunity.
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