Lululemon Files Q3 FY24 10-Q
Ticker: LULU · Form: 10-Q · Filed: Dec 5, 2024 · CIK: 1397187
Sentiment: neutral
Topics: 10-Q, earnings, financials
Related Tickers: LULU
TL;DR
LULU Q3 FY24 10-Q filed. Check financials.
AI Summary
Lululemon Athletica Inc. filed its 10-Q for the period ending October 27, 2024. The company reported its financial results for the third quarter of fiscal year 2024. Key financial data and operational details are presented in this filing.
Why It Matters
This filing provides investors with the official financial performance and operational status of Lululemon for the third quarter of fiscal year 2024.
Risk Assessment
Risk Level: low — This is a routine quarterly financial filing and does not inherently present new risks.
Key Players & Entities
- lululemon athletica inc. (company) — Filer
- 20241027 (date) — Period of Report
- 20241205 (date) — Filed as of Date
- 001-33608 (other) — SEC File Number
FAQ
What is the fiscal year end for Lululemon Athletica Inc.?
The fiscal year end for Lululemon Athletica Inc. is February 02 (0202).
What is the SEC file number for Lululemon Athletica Inc.?
The SEC file number for Lululemon Athletica Inc. is 001-33608.
What is the filing date for this 10-Q report?
This 10-Q report was filed as of December 05, 2024.
What period does this 10-Q filing cover?
This 10-Q filing covers the period of report ending October 27, 2024.
What is the company's primary business address?
The company's primary business address is 1818 CORNWALL AVENUE, VANCOUVER, A1, V6J 1C7.
Filing Stats: 4,530 words · 18 min read · ~15 pages · Grade level 16 · Accepted 2024-12-05 16:14:29
Key Financial Figures
- $0.005 — ich registered Common Stock, par value $0.005 per share LULU Nasdaq Global Select Mar
Filing Documents
- lulu-20241027.htm (10-Q) — 1679KB
- lulu-20241027xex311.htm (EX-31.1) — 9KB
- lulu-20241027xex312.htm (EX-31.2) — 9KB
- lulu-20241027xex321.htm (EX-32.1) — 9KB
- lulu-20241027_g1.jpg (GRAPHIC) — 18KB
- 0001397187-24-000041.txt ( ) — 7250KB
- lulu-20241027.xsd (EX-101.SCH) — 39KB
- lulu-20241027_cal.xml (EX-101.CAL) — 81KB
- lulu-20241027_def.xml (EX-101.DEF) — 176KB
- lulu-20241027_lab.xml (EX-101.LAB) — 588KB
- lulu-20241027_pre.xml (EX-101.PRE) — 390KB
- lulu-20241027_htm.xml (XML) — 1035KB
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 22
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 39
Controls and Procedures
Item 4. Controls and Procedures 40
OTHER INFORMATION
PART II. OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 41
Risk Factors
Item 1A. Risk Factors 41
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 54
Other Information
Item 5. Other Information 54
Exhibits
Item 6. Exhibits 55
Signatures
Signatures 56 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) October 27, 2024 January 28, 2024 ASSETS Current assets Cash and cash equivalents $ 1,188,419 $ 2,243,971 Accounts receivable, net 143,418 124,769 Inventories 1,800,893 1,323,602 Prepaid and receivable income taxes 257,388 183,733 Prepaid expenses and other current assets 215,171 184,502 3,605,289 4,060,577 Property and equipment, net 1,697,759 1,545,811 Right-of-use lease assets 1,360,589 1,265,610 Goodwill 164,462 24,083 Intangible assets, net 13,723 — Deferred income tax assets 9,253 9,176 Other non-current assets 232,594 186,684 $ 7,083,669 $ 7,091,941 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 385,960 $ 348,441 Accrued liabilities and other 561,615 348,555 Accrued compensation and related expenses 190,169 326,110 Current lease liabilities 290,368 249,270 Current income taxes payable 96,808 12,098 Unredeemed gift card liability 238,327 306,479 Other current liabilities 40,286 40,308 1,803,533 1,631,261 Non-current lease liabilities 1,223,733 1,154,012 Non-current income taxes payable — 15,864 Deferred income tax liabilities 33,231 29,522 Other non-current liabilities 37,440 29,201 3,097,937 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; 117,046 and 121,106 issued and outstanding 585 606 Additional paid-in capital 610,402 575,369 Retained earnings 3,694,547 3,920,362 Accumulated other comprehensive loss ( 319,802 ) ( 264,256 ) 3,985,732 4,232,