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Feb 02
Lululemon Q4 2024 Earnings Report
Lululemon reported strong Q4 2024 results with double-digit revenue and earnings growth, exceeding expectations and demonstrating continued global momentum.
Key Takeaways
Lululemon delivered robust fourth-quarter performance in fiscal 2024, with revenue rising 13% year-over-year to $3.61 billion and EPS reaching $6.14. The company achieved gains across geographies, especially internationally, and reported record gross and operating margins.
Q4 revenue grew 13% YoY to $3.61 billion.
Diluted EPS rose to $6.14 from $5.29 in Q4 2023.
International revenue increased 38% YoY.
Gross margin expanded to 60.4% and operating margin to 28.9%.
Lululemon
Lululemon
Lululemon Revenue by Geographic Location
Revenue by Geographic Location
Americas Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
Lululemon expects moderate growth in Q1 and FY2025, guiding 6%-7% revenue growth in Q1 and 5%-7% for the year, excluding the 53rd week effect.
Positive Outlook
- Q1 2025 revenue expected between $2.335B and $2.355B.
- FY2025 revenue expected to grow 5%-7%, reaching up to $11.3B.
- Q1 diluted EPS forecasted at $2.53 to $2.58.
- FY2025 diluted EPS expected to be $14.95 to $15.15.
- Strong momentum in international markets to support growth.
Challenges Ahead
- Guidance implies slower growth compared to FY2024.
- Q1 growth lower due to tougher comps and macro uncertainties.
- 53rd week in FY2024 skews year-over-year comparisons.
- Operating costs and tax rate of ~30% may weigh on margins.
- No outlook on share repurchases could affect EPS leverage.
Revenue & Expenses
Visualization of income flow from segment revenue to net income