lululemon athletica (LULU) Tops Q1 EPS by 14c, Offers Guidance

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lululemon athletica inc. Announces First Quarter Fiscal 2024 Results

June 5, 2024 4:05 PM EDT

Board of Directors Authorizes $1.0 Billion Increase in Its Stock Repurchase Program

Revenue increased 10% to $2.2 billion

Comparable sales increased 6%, or increased 7% on a constant dollar basis

Diluted EPS of $2.54

VANCOUVER, British Columbia--(BUSINESS WIRE)-- lululemon athletica inc. (NASDAQ: LULU) today announced financial results for the first quarter of fiscal 2024, which ended on April 28, 2024.

Calvin McDonald, Chief Executive Officer, stated: "In the first quarter, we saw strong momentum in our international markets,... More