June 5, 2024

Lululemon Athletica, Inc. (LULU) reported its 1 st quarterly earnings for FY2024 on June 5 th
after-market.
Non-GAAP EPS of $2.54 beating consensus of $2.38 by 6.7%.
Revenue was $2.21B beating average estimate of $2.2B by 0.45%
Q2 GUIDANCE:
For the second quarter of 2024, the Company expects net revenue to be in the range of $2.400
billion to $2.420 billion vs the average consensus revenue of $2.45 billion.
Diluted earnings per share are expected to be in the range of $2.92 to $2.97 for the quarter vs the
consensus average EPS of $3.01.
FY2024 GUIDANCE:
For 2024, the Company continues to expect net revenue to be in the range of $10.700
billion to $10.800 billion.
Diluted earnings per share are now expected to be in the range of $14.27 to $14.47 for the year.
Share is up by 10% after hours.