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Lululemon Athletica | 8-K: LULULEMON ATHLETICA INC. ANNOUNCES FIRST QUARTER FISCAL 2024 RESULTS BOARD OF DIRECTORS AUTHORIZES $1.0 BILLION INCREASE IN ITS STOCK REPURCHASE PROGRAM

Lululemon Athletica | 8-K: LULULEMON ATHLETICA INC. ANNOUNCES FIRST QUARTER FISCAL 2024 RESULTS BOARD OF DIRECTORS AUTHORIZES $1.0 BILLION INCREASE IN ITS STOCK REPURCHASE PROGRAM

Lululemon Athletica | 8-K:LULULEMON ATHLETICA INC.公佈2024財年第一季度業績董事會授權將其股票回購計劃增加10億美元
美股SEC公告 ·  2024/06/05 16:17

Moomoo AI 已提取核心訊息

Lululemon reported strong Q1 fiscal 2024 results with revenue increasing 10% to $2.2B and diluted EPS of $2.54, up from $2.28 YoY. International revenue surged 35%, while Americas revenue grew 3%. Comparable sales increased 6% overall, with international markets showing robust 25% growth. Gross margin improved 20 basis points to 57.7%.The company's board approved a $1.0B increase to its existing stock repurchase program on May 29, 2024. During Q1, the company repurchased 0.8M shares for $296.9M, with approximately $1.7B now remaining in the authorized program. The company ended Q1 with $1.9B in cash and reduced inventory levels by 15% YoY to $1.3B.For fiscal 2024, Lululemon maintains its revenue guidance of $10.7B to $10.8B, representing 11-12% growth. Q2 revenue is expected to be $2.4-2.42B with diluted EPS of $2.92-2.97. The company continues to target operating margin of approximately 23.3% for the full year, with annual EPS projected at $14.27-14.47.
Lululemon reported strong Q1 fiscal 2024 results with revenue increasing 10% to $2.2B and diluted EPS of $2.54, up from $2.28 YoY. International revenue surged 35%, while Americas revenue grew 3%. Comparable sales increased 6% overall, with international markets showing robust 25% growth. Gross margin improved 20 basis points to 57.7%.The company's board approved a $1.0B increase to its existing stock repurchase program on May 29, 2024. During Q1, the company repurchased 0.8M shares for $296.9M, with approximately $1.7B now remaining in the authorized program. The company ended Q1 with $1.9B in cash and reduced inventory levels by 15% YoY to $1.3B.For fiscal 2024, Lululemon maintains its revenue guidance of $10.7B to $10.8B, representing 11-12% growth. Q2 revenue is expected to be $2.4-2.42B with diluted EPS of $2.92-2.97. The company continues to target operating margin of approximately 23.3% for the full year, with annual EPS projected at $14.27-14.47.
lululemon athletica inc於2024年6月5日公佈了2024財年第一季的財務業績,財年截至2024年4月28日。該公司宣佈凈收入增長10%,達到22億美元,同店銷售增長6%,或按恆定匯率計算為7%。每股股份攤薄後每股收益(EPS)為2.54美元,高於去年第一季度的2.28美元。董事會還批准了10億美元的股票回購計劃。lululemon CEO Calvn McDonald強調國際市場強勁的勢頭和對產品創新的客人反饋。首席財務官Meghan Frank表示,此結果超出了預期,並強調公司專注於策略性投資和其三倍力量×2增長策略。公司在Q1回購了0.8萬股,總價值為2.969億美...展開全部
lululemon athletica inc於2024年6月5日公佈了2024財年第一季的財務業績,財年截至2024年4月28日。該公司宣佈凈收入增長10%,達到22億美元,同店銷售增長6%,或按恆定匯率計算為7%。每股股份攤薄後每股收益(EPS)為2.54美元,高於去年第一季度的2.28美元。董事會還批准了10億美元的股票回購計劃。lululemon CEO Calvn McDonald強調國際市場強勁的勢頭和對產品創新的客人反饋。首席財務官Meghan Frank表示,此結果超出了預期,並強調公司專注於策略性投資和其三倍力量×2增長策略。公司在Q1回購了0.8萬股,總價值為2.969億美元,經過董事會批准後,剩餘約17億美元用於股票回購。lululemon以19億美元的現金及現金等價物結束了本季度,庫存減少了15%,至13億美元。截至2024年第二季,lululemon預計凈收入將在24億美元至24.2億美元之間,攤薄後每股收益在2.92美元至2.97美元之間。全年收益預測為107億至108億美元,股份攤薄後每股收益在14.27美元至14.47美元之間。公司的三倍力量×2計劃旨在在2026年將業務從2021年的水平增長一倍。
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