Lululemon Athletica Inc. Files Q2 2024 10-Q Report
Ticker: LULU · Form: 10-Q · Filed: Aug 29, 2024 · CIK: 1397187
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
Related Tickers: LULU
TL;DR
LULU Q2 2024 10-Q filed. Financials and ops update.
AI Summary
Lululemon Athletica Inc. filed its 10-Q for the period ending July 28, 2024. The company reported financial results and provided updates on its business operations. Key financial data and operational details are disclosed in this quarterly report.
Why It Matters
This filing provides investors with the latest financial performance and operational insights for Lululemon, crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: medium — Quarterly reports can reveal shifts in financial health, operational challenges, or new risks that could impact stock price.
Key Players & Entities
- lululemon athletica inc. (company) — Filer
- 20240728 (date) — Period of Report
- 20240829 (date) — Filed as of Date
- VANCOUVER (location) — Business Address City
FAQ
What is the reporting period for this 10-Q filing?
The conformed period of report is 20240728.
When was this 10-Q filing submitted to the SEC?
This filing was submitted on 20240829.
What is the company's Central Index Key (CIK)?
The company's Central Index Key is 0001397187.
What is Lululemon's Standard Industrial Classification (SIC) code?
Lululemon's SIC code is 2300, categorized under APPAREL & OTHER FINISHED PRODS OF FABRICS & SIMILAR MATERIAL.
What was the previous name of the company?
The former company name was Lululemon Corp., with a date of name change on 20070420.
Filing Stats: 4,609 words · 18 min read · ~15 pages · Grade level 13.6 · Accepted 2024-08-29 16:16:25
Key Financial Figures
- $0.005 — ich registered Common Stock, par value $0.005 per share LULU Nasdaq Global Select Mar
Filing Documents
- lulu-20240728.htm (10-Q) — 1498KB
- lulu-20240728xex101.htm (EX-10.1) — 48KB
- lulu-20240728xex102.htm (EX-10.2) — 102KB
- lulu-20240728xex311.htm (EX-31.1) — 9KB
- lulu-20240728xex312.htm (EX-31.2) — 9KB
- lulu-20240728xex321.htm (EX-32.1) — 9KB
- lulu-20240728_g1.jpg (GRAPHIC) — 74KB
- 0001397187-24-000034.txt ( ) — 6731KB
- lulu-20240728.xsd (EX-101.SCH) — 34KB
- lulu-20240728_cal.xml (EX-101.CAL) — 63KB
- lulu-20240728_def.xml (EX-101.DEF) — 141KB
- lulu-20240728_lab.xml (EX-101.LAB) — 539KB
- lulu-20240728_pre.xml (EX-101.PRE) — 346KB
- lulu-20240728_htm.xml (XML) — 900KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Financial Statements (Unaudited)
Item 1. Financial Statements (Unaudited): 3 Consolidated Balance Sheets 3 Consolidated Statements of Operations and Comprehensive Income 4 Consolidated Statements of Stockholders' Equity 5 Consolidated Statements of Cash Flows 7 Index for Notes to the Unaudited Interim Consolidated Financial Statements 8
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 20
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 35
Controls and Procedures
Item 4. Controls and Procedures 36
OTHER INFORMATION
PART II. OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 37
Risk Factors
Item 1A. Risk Factors 37
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 50
Other Information
Item 5. Other Information 50
Exhibits
Item 6. Exhibits 51
Signatures
Signatures 52 2 Table of Contents PART I FINANCIAL INFORMATION
FINANCIAL STATEMENTS (UNAUDITED)
ITEM 1. FINANCIAL STATEMENTS (UNAUDITED) lululemon athletica inc. CONSOLIDATED BALANCE SHEETS (Unaudited; Amounts in thousands, except per share amounts) July 28, 2024 January 28, 2024 ASSETS Current assets Cash and cash equivalents $ 1,610,112 $ 2,243,971 Accounts receivable, net 126,121 124,769 Inventories 1,429,043 1,323,602 Prepaid and receivable income taxes 210,969 183,733 Prepaid expenses and other current assets 195,499 184,502 3,571,744 4,060,577 Property and equipment, net 1,614,893 1,545,811 Right-of-use lease assets 1,302,947 1,265,610 Goodwill 23,925 24,083 Deferred income tax assets 9,098 9,176 Other non-current assets 221,528 186,684 $ 6,744,135 $ 7,091,941 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 317,348 $ 348,441 Accrued liabilities and other 396,423 348,555 Accrued compensation and related expenses 174,702 326,110 Current lease liabilities 278,067 249,270 Current income taxes payable 19,231 12,098 Unredeemed gift card liability 250,754 306,479 Other current liabilities 32,126 40,308 1,468,651 1,631,261 Non-current lease liabilities 1,180,823 1,154,012 Non-current income taxes payable — 15,864 Deferred income tax liabilities 28,876 29,522 Other non-current liabilities 34,140 29,201 2,712,490 2,859,860 Commitments and contingencies Stockholders' equity Undesignated preferred stock, $ 0.01 par value: 5,000 shares authorized; none issued and outstanding — — Exchangeable stock, no par value: 60,000 shares authorized; 5,116 and 5,116 issued and outstanding — — Special voting stock, $ 0.000005 par value: 60,000 shares authorized; 5,116 and 5,116 issued and outstanding — — Common stock, $ 0.005 par value: 400,000 shares authorized; 118,610 and 121,106 issued and outstanding 593 606 Additional paid-in capital 589,156 575,369 Retained earnings 3,751,713 3,920,362 Accumulated other comprehensive loss ( 309,817 ) ( 264,256 ) 4,031,645 4,232,081 $ 6,744,135 $ 7,091,941 See a