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Lululemon’s International Business Powers Results, Tweaks 2024 Guidance

publication date: Dec 8, 2024
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Image Source: Lululemon. 

For fiscal 2024, Lululemon now expects net revenue in the range of $10.452-$10.487 billion (was $10.375-$10.475 billion), representing growth of 9%, or 7% when excluding the extra week in 2024. The outlook was above the consensus forecast of $10.43 billion. Its diluted earnings per share is now expected in the range of $14.08-$14.16 (was $13.95-$14.15 per share) for the year. Thanks in part to strength of its International business, Lululemon’s Power of Three x2, which calls for a doubling of net revenue by 2026 from 2021 levels, to $12.5 billion, remains in the ballpark. The high end of our fair value estimate range stands at $400 per share.


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