Categories AlphaGraphs, Consumer, Earnings

LULU Earnings: Highlights of Lululemon Athletica’s Q1 2023 financial results

Athletic wear company Lululemon Athletica (NASDAQ: LULU) has reported a double-digit increase in earnings and revenues for the first quarter of 2023. The company also provided positive guidance for the second quarter and the fiscal year.

Lululemon Athletica quarterly gross profit trend

At $2.0 billion, first-quarter revenues were up 24% from last year. Sales rose 17% in North America, and an impressive 60% in the rest of the world. The positive outcome reflects a 14% increase in comparable sales and a 16% growth in direct-to-customer revenues.

Reflecting the strong revenue growth, the company’s net income increased to $290.4 million or $2.28 per share in the April quarter from $190 million or $1.48 per share a year earlier.

For the second quarter, the management expects net revenue to be in the range of $2.140 billion to $2.170 billion, which represents a 15% year-over-year increase. Net income is expected to be between $2.47 per share and $2.52 per share in the July quarter. The forecast for full-year revenue is $9.440-$9.510 billion, up 17%. Earnings, on a per-share basis, are expected to be in the range of $11.74 to $11.94 in fiscal 2023.

Commenting on the results, Lululemon’s CEO Calvin McDonald said, “Our results reflect the strength of our guest relationships, our innovative products, and how our brand resonates across the globe… We are excited for the future and remain on track to deliver on our Power of Three ×2 growth plan.”

Most Popular

Key highlights from Deere & Co.’s (DE) Q4 2024 earnings results

Deere & Company (NYSE: DE) reported its fourth quarter 2024 earnings results today. Worldwide net sales and revenues decreased 28% year-over-year to $11.14 billion. Net income was $1.24 billion, or

NVDA Earnings: Nvidia Q3 profit jumps, beats estimates

NVIDIA Corporation (NASDAQ: NVDA) on Wednesday reported a sharp increase in adjusted profit and revenue for the third quarter of 2025. Earnings also topped analysts' estimates. The tech firm’s revenues

Lowe’s Companies (LOW): A few points to note about the Q3 2024 performance

Shares of Lowe’s Companies, Inc. (NYSE: LOW) rose over 1% on Wednesday. The stock has gained 8% over the past three months. The company delivered better-than-expected earnings results for the

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top