LULU FY 2024 Earnings Report — Lululemon Athletica Inc. Revenue & Financial Results | Market Cap Arena

Lululemon Athletica Inc.LULU

FY 2024 Earnings

Reported March 27, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$10.6B	—	$9.6B	—	10.1%
Op. Income	$2.5B	—	$2.1B	—	17.5%
Gross Margin	59.2%	—	58.3%	—	0.9pp
Net Margin	17.1%	—	16.1%	—	1.0pp
EPS (Diluted)	$14.64	—	$12.20	—	20.0%
Free Cash Flow	$1.6B	—	$1.6B	—	-3.7%

Revenue Flow

Item	Amount
REVENUE	$10.6B
Cost of Revenue	$4.3B
GROSS PROFIT	$6.3B
R&D Expenses	$0
Selling & Marketing	$542M
General & Administrative	$3.2B
SG&A Expenses	$3.8B
Other Expenses	$3M
Operating Expenses	$3.8B
Cost & Expenses	$8.1B
OPERATING INCOME	$2.5B
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$70M
INCOME BEFORE TAX	$2.6B
Income Tax Expense	$761M
Net Income from Continuing Ops	$1.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.8B
D&A	$447M
EBIT	$2.5B
EBITDA	$3.0B
EPS	$15
EPS Diluted	$15

Income Statement

Item	Amount
REVENUE	$10.6B
Cost of Revenue	$4.3B
GROSS PROFIT	$6.3B
R&D Expenses	$0
Selling & Marketing	$542M
General & Administrative	$3.2B
SG&A Expenses	$3.8B
Other Expenses	$3M
Operating Expenses	$3.8B
Cost & Expenses	$8.1B
OPERATING INCOME	$2.5B
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$70M
INCOME BEFORE TAX	$2.6B
Income Tax Expense	$761M
Net Income from Continuing Ops	$1.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.8B
D&A	$447M
EBIT	$2.5B
EBITDA	$3.0B
EPS	$15
EPS Diluted	$15

Cash Flow Statement

Item	Amount
Net Income	$1.8B
Depreciation & Amortization	$447M
Stock-Based Compensation	$90M
Deferred Income Tax	$57M
Other Non-Cash Items	-$84M
Change in Working Capital	-$52M
OPERATING CASH FLOW	$2.3B
Capital Expenditure	-$689M
Acquisitions (Net)	-$154M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$45M
NET CASH FROM INVESTING	-$798M
Net Debt Issuance	$0
Common Stock Repurchased	-$1.6B
Common Dividends Paid	$0
Other Financing Activities	-$16M
NET CASH FROM FINANCING	-$1.7B
FREE CASH FLOW	$1.6B
Net Change in Cash	-$260M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.0B
Short-Term Investments	$0
Net Receivables	$302M
Inventory	$1.4B
Other Current Assets	$104M
TOTAL CURRENT ASSETS	$4.0B
PP&E (Net)	$3.2B
Goodwill	$160M
Intangible Assets	$12M
Long-Term Investments	$0
Tax Assets	$17M
Other Non-Current Assets	$238M
TOTAL NON-CURRENT ASSETS	$3.6B
TOTAL ASSETS	$7.6B
Account Payables	$271M
Short-Term Debt	$0
Deferred Revenue	$308M
Other Current Liabilities	$419M
TOTAL CURRENT LIABILITIES	$1.8B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$98M
Other Non-Current Liabilities	$41M
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$3.3B
Common Stock	$581.0K
Additional Paid-In Capital	$638M
Retained Earnings	$4.1B
Treasury Stock	$0
Accum. Other Comp. Income	-$424M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.3B
Minority Interest	$0
TOTAL EQUITY	$4.3B
TOTAL LIABILITIES & EQUITY	$7.6B
Total Debt	$1.6B
Net Debt	-$409M