Categories AlphaGraphs, Consumer, Earnings

LULU Earnings: Lululemon Q2 2024 profit rises on higher revenues

Athletic wear company Lululemon Athletica (NASDAQ: LULU) reported higher sales and profit for the second quarter of 2024. The management forecasts high-single-digit revenue growth for fiscal 2024.

Second-quarter profit increased to $392.9 million or $3.15 per share from $341.6 million or $2.68 per share in the same period last year. Gross profit increased 9% to $1.4 billion. The company reported revenues of $2.37 billion for the July quarter, up 7% from the prior-year quarter. Comparable sales increased by 2%, or 3% on a constant dollar basis

Lululemon Athletica Gross Profit Trend

For fiscal 2024, the company expects revenue to be in the range of $10.38 billion to $10.48 billion, representing growth of 8% to 9%. Full-year earnings per share are expected to be between $13.95 and $14.15, assuming a tax rate of approximately 30%.

Lululemon’s CEO Calvin McDonald commented, “In the U.S., our teams continue to optimize our product assortment and remain focused on driving forward our opportunities in the market. Looking ahead, we feel confident in the long runway in front of us as we execute our Power of Three ×2 growth plan.”

Prior Performance

  • Lululemon Athletica Gross Profit Trend

Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.

Most Popular

MS Earnings: Morgan Stanley Q1 2025 revenue and earnings beat estimates

Morgan Stanley (NYSE: MS) on Friday reported higher revenues and net profit for the first quarter of 2025. The latest numbers also exceeded analysts’ estimates. The company reported net revenues

WFC Earnings: Key quarterly highlights from Wells Fargo’s Q1 2025 financial results

Wells Fargo & Company (NYSE: WFC) reported its first quarter 2025 earnings results today. Total revenue decreased 3% year-over-year to $20.15 billion. Net income grew 6% to $4.89 billion and

JPM Earnings: All you need to know about JPMorgan’s Q1 2025 earnings results

JPMorgan Chase & Co. (NYSE: JPM) reported its first quarter 2025 earnings results today. Reported net revenue increased 8% year-over-year to $45.3 billion. Managed net revenue was $46 billion, also

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