greeksoup/ stock research
Stock research / United States / LULU / Q3 FY2021

lululemon athletica (LULU) Q3 FY2021 earnings: revenue $1.5 billion, up 29.8% on the year

lululemon athletica Inc. (LULU) reported revenue of $1.5 billion for Q3 FY2021, the quarter ended 31 October 2021, up 29.8% on the same quarter a year earlier as this quarter's filing gives it. Net income was $188 million, up 30.7% on the year as this quarter's filing gives it, and diluted earnings per share $1.44. The figures are the company's own, from the 10-Q it filed with the SEC on 9 December 2021.

Revenue
$1.5 billion
+29.8% on the year · -0.0% on the quarter
Q4 FY2019Q3 FY2021
Operating margin
17.8%
18.3% a year earlier
Q4 FY2019Q3 FY2021
Net income
$188 million
+30.7% on the year · -9.7% on the quarter
Q4 FY2019Q3 FY2021
Diluted EPS
$1.44
+30.9% on the year · -9.4% on the quarter
Q4 FY2019Q3 FY2021

this quarterthe same quarter a year earlierHover a bar for its figure.

Income statement (profit and loss)

$ millionQ3 FY2021Q2 FY2021Q3 FY2020On the quarterOn the yearLast 8 quarters
Revenue1,4501,4511,117-0.0%+29.8%
Cost of revenue621n/an/a
Gross profit829n/an/a
Gross margin57.2%n/an/a
Selling, general and administrative545n/an/a
Operating income258291205-11.4%+25.9%
Operating margin17.8%20.1%18.3%
Pre-tax income258n/an/a
Income tax70.2n/an/a
Effective tax rate27.2%n/an/a
Net income188208144-9.7%+30.7%
Net margin12.9%n/an/a
Diluted EPS$1.44$1.59$1.10-9.4%+30.9%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionQ3 FY2021Q2 FY2021Q3 FY2020On the quarterOn the yearLast 8 quarters
Operating cash flow158n/an/a
Capital expenditure122n/an/a
Free cash flow35.9n/an/a
Free cash flow margin2.5%n/an/a
Cash from investing-112n/an/a
Cash from financing-232n/an/a
Depreciation and amortisation58.053.649.0+8.1%+18.2%
Share-based compensation21.7n/an/a
Buybacks236n/an/a
Diluted shares, weighted130m130m131m-0.2%-0.6%
Shares outstanding at period end124m125m125m-0.4%-0.8%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ3 FY2021Q2 FY2021Q3 FY2020On the quarterOn the yearLast 8 quarters
Shareholders' equity2,6582,6712,163-0.5%+22.9%
Debt0.00.0n/a
Operating lease liabilities684n/an/a
Other liabilities1,229n/an/a
Total liabilities and equity4,572n/an/a
Fixed assets876n/an/a
Goodwill387n/an/a
Intangible assets73.5n/an/a
Cash and equivalents9941,170482-15.1%+106.3%
Receivables75.3n/an/a
Other assets2,166n/an/a
Total assets4,572n/an/a

Questions

What was lululemon athletica's revenue in Q3 FY2021?

lululemon athletica (LULU) reported revenue of $1.5 billion for Q3 FY2021, the quarter ended 31 October 2021, up 29.8% on the same quarter a year earlier as the company restated it.

How much did lululemon athletica earn in Q3 FY2021?

Net income for Q3 FY2021 was $188 million, up 30.7% on the year, and diluted earnings per share $1.44.

When did lululemon athletica report Q3 FY2021 results?

lululemon athletica filed its 10-Q for the quarter ended 31 October 2021 with the SEC on 9 December 2021.

Quarterly results, the last 20 quarters

Q3 FY2021Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue1,4502,1291,6131,8681,8572,7722,0012,2092,2043,2052,2092,3712,3973,6112,3712,5252,5663,6412,4722,416
Cost of revenue6218937438138181,2448509119481,3029349599951,4309881,0481,1401,6431,133954
Gross profit8291,2368701,0551,0391,5281,1511,2991,2571,9031,2751,4121,4022,1821,3831,4771,4261,9981,3391,462
Gross margin57%58%54%56%56%55%58%59%57%59%58%60%58%60%58%58%56%55%54%61%
SG&A5456426086626848037488178439908428729101,1389439529881,1841,0601,006
Operating income2585912604013523144014793389144335404911,042439524436812277454
Operating margin18%28%16%21%19%11%20%22%15%29%20%23%20%29%19%21%17%22%11%19%
Pre-tax income2585912604013533184094873489324565585041,058450534442813286467
Tax rate27%26%27%28%28%62%29%30%29%28%30%30%30%29%30%30%31%28%32%30%
Net income188435190290255120290342249669321393352748315371307587195329
Net margin13%20%12%15%14%4%15%15%11%21%15%17%15%21%13%15%12%16%8%14%
Diluted EPS$1.44$3.35$1.48$2.26$2.00$0.94$2.28$2.68$1.96$5.29$2.54$3.15$2.87$6.14$2.60$3.10$2.59$5.01$1.69$2.92
Operating cash flow158731-24397.665.81,04645.54773901,3841284433011,401-1193292501,143214375
Capital expenditure122128111145176207137146163207131145178235152178167183127150
Free cash flow35.9603-355-47.1-110839-91.43312271,178-3.22981221,166-27115182.496087.1225
Buybacks23632123312517.069.098.519421354.0299589413335434281191272362333
Shares outstanding124m123m123m122m122m122m122m122m121m121m120m119m117m116m115m114m113m111m109m107m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 31 October 2021, filed 9 December 2021: the filing.