Lululemon 1Q'24 Update

228 Views06 Jun 2024 19:55
  • Lululemon was facing some really thorny questions from Mr. Market ever since 4Q’23 earnings. Today’s earnings should help calm some nerves.
  • Here are my highlights from tonight’s call. Sales Growth by Region At first glance, one may find confirmation to plenty of concerns for LULU. US sales, which was ~61% of overall sales this quarter, grew by only 2%.
  • Growth momentum in international markets, especially in China helped mask the weakness in the US.
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  • Lululemon 1Q'24 Update
    06 Jun 2024