greeksoup/ stocks
Stocks / United States / LULU / Q3 FY2023

lululemon athletica Inc. Q3 FY2023 results: revenue $2.2 billion, up 18.7% on the year

lululemon athletica Inc. (LULU) reported revenue of $2.2 billion for Q3 FY2023, the quarter ended 29 October 2023, up 18.7% on the same quarter a year earlier. Net income was $249 million, down 2.6% on the year, and diluted earnings per share $1.96. The figures are the company's own, from the 10-Q it filed with the SEC on 7 December 2023.

Revenue$2.2 billionup 18.7%
Net income$249 milliondown 2.6%
Diluted EPS$1.96
QuarterQ3 FY2023ended 29 October 2023

The quarter, against the one before and a year earlier

LineQ3 FY2023Quarter beforeA year earlierChange on the year
Revenue2,204n/an/an/a
Cost of revenue948n/an/an/a
Gross profit1,257n/an/an/a
Gross margin57.0%n/an/a
Selling, general and administrative843n/an/an/a
Operating income338n/an/an/a
Operating margin15.3%n/an/a
Pre-tax income348n/an/an/a
Income tax99.2n/an/an/a
Effective tax rate28.5%n/an/a
Net income249n/an/an/a
Net margin11.3%n/an/a
Diluted EPS$1.96n/an/an/a

$ million except per share. 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. 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 and capital returned

LineQ3 FY2023Quarter beforeA year earlierChange on the year
Operating cash flow390n/an/an/a
Capital expenditure163n/an/an/a
Free cash flow227n/an/an/a
Free cash flow margin10.3%n/an/a
Depreciation and amortisation98.0n/an/an/a
Share-based compensation24.6n/an/an/a
Buybacks213n/an/an/a
Diluted shares, weighted127mn/an/an/a
Shares outstanding at period end121mn/an/an/a

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

Balance sheet at quarter end

LineQ3 FY2023Quarter beforeA year earlierChange on the year
Total assets6,022n/an/an/a
Cash and equivalents1,091n/an/an/a
Receivables107n/an/an/a
Inventory1,664n/an/an/a
Goodwill23.9n/an/an/a
Operating lease liabilities951n/an/an/a
Shareholders' equity3,526n/an/an/a

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue2,2043,2052,2092,3712,3973,6112,3712,5252,5663,6412,4722,416
Cost of revenue9481,3029349599951,4309881,0481,1401,6431,133954
Gross profit1,2571,9031,2751,4121,4022,1821,3831,4771,4261,9981,3391,462
Gross margin57%59%58%60%58%60%58%58%56%55%54%61%
SG&A8439908428729101,1389439529881,1841,0601,006
Operating income3389144335404911,042439524436812277454
Operating margin15%29%20%23%20%29%19%21%17%22%11%19%
Pre-tax income3489324565585041,058450534442813286467
Tax rate29%28%30%30%30%29%30%30%31%28%32%30%
Net income249669321393352748315371307587195329
Net margin11%21%15%17%15%21%13%15%12%16%8%14%
Diluted EPS$1.96$5.28$2.54$3.15$2.87$6.08$2.60$3.10$2.59$4.97$1.69$2.92
Operating cash flow3901,3841284433011,401-1193292501,143214375
Capital expenditure163207131145178235152178167183127150
Free cash flow2271,178-3.22981221,166-27115182.496087.1225
Buybacks21354.0299589413335434281191272362333
Shares outstanding121m121m120m119m117m116m115m114m113m111m109m107m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q

* 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. 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.

Source

10-Q for the period ended 29 October 2023, filed 7 December 2023, accession 0001397187-23-000052: the filing on EDGAR. All of lululemon athletica Inc.'s filings: EDGAR company page.

The same record on your computer

GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.

Install