Lululemon Posted Strong Q4 Results but Guides to Slower Q1 Growth

March 21, 2024

Lululemon Athletica, Inc. CEO Calvin McDonald said the company was pleased with the solid finish for its 2023 fiscal year and continues to deliver ahead of its Power of Three ×2 strategy.

Net revenue increased 16 percent to $3.2 billion. International net revenue increased 54 percent, or 56 percent on a constant dollar basis. Comparable sales increased 12 percent. International comparable sales increased 43 percent, or 44 percent on a constant dollar basis. Gross profit increased 25 percent to $1.9 billion. Adjusted gross profit increased 20 percent to $1.9 billion. SGB