Lululemon Beats Expectations with $2.28 GAAP EPS and $2B Revenue
June 2, 2023
🌥️Trending News
This exceeded analysts’ estimates by $0.29 and $80 million respectively. The impressive results demonstrate just how successful Lululemon ($NASDAQ:LULU) has been in recent years. Lululemon’s Q4 success is a testament to its strategy of expansion and innovation, which has enabled it to stay ahead of the competition and maintain its position as a top player in the athleisure space. With its market share continuing to grow, and its stock price rising over the past year, it appears that Lululemon is well-positioned for continued success.
Earnings
This marks a 30.2% increase in total revenue and a 72.4% decrease in net income compared to the same period last year. This news has far exceeded industry expectations, contributing to the company’s overall success.
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 |
| 8.11k | 854.8 | 13.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lululemon Athletica. More…
| Operations | Investing | Financing |
| 966.46 | -569.94 | -467.49 |
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 |
| 5.61k | 2.46k | 23.83 |
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 |
| 26.8% | 24.7% | 21.3% |
| FCF Margin | ROE | ROA |
| 4.0% | 34.9% | 19.2% |
Price History
Despite the impressive financial results, LULULEMON’s stock opened at $330.9 and closed at $328.4, down 1.1% from prior closing price of $331.9. Analysts attributed the stock’s relatively flat performance to investors taking profits after several periods of outperformance. Nonetheless, the company’s strong financials are a testament to its resilience and ability to manage through the pandemic-hit environment. Live Quote…
Analysis
At GoodWhale, we conducted an analysis of LULULEMON ATHLETICA‘s wellbeing. After our Risk Rating assessment, we concluded that LULULEMON ATHLETICA is a high risk investment in terms of financial and business aspects. Our analysis revealed three risk warnings in the income sheet, balance sheet, and non financial sections. We encourage you to register with us to gain access to our detailed analysis and to discover these risk warnings. With GoodWhale, you can make an informed decision on the potential risks associated with investing in LULULEMON ATHLETICA. More…
Peers
Lululemon Athletica Inc is a yoga-inspired, technical athletic apparel company for women. The company operates in the United States, Canada, and Australia. Lululemon Athletica Inc’s main competitors are Buckle Inc, Citi Trends Inc, and Tilly’s Inc.
– Buckle Inc ($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
This exceeded market expectations and is an indication that the company is performing well financially. The strong performance can be attributed to its successful strategies of expanding its product lines, increasing store count, and improving its digital presence. Investors should watch for further developments in order to make a more informed decision when considering investing in Lululemon Athletica.
Related Posts
Recent Posts
