lululemon athletica (LULU) Revenue — Quarter Ended Oct 29, 2023
Revenue in the quarter remained nearly flat compared to the prior period, while showing a strong increase from the same quarter last year.
Key takeaway
Quarter ended Oct 29, 2023 · FY2023 Q3
Revenue in the quarter remained nearly flat compared to the prior period, while showing a strong increase from the same quarter last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.2B
Revenue reported for this quarter.
Quarter-over-quarter
-0.2%
Change from the immediately preceding quarter.
Year-over-year
+18.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$9.2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jan 29, 2023 | $2.8B | +30.2% |
| Apr 30, 2023 | $2B | +24.0% |
| Jul 30, 2023 | $2.2B | +18.2% |
| Oct 29, 2023 | $2.2B | +18.7% |
Revenue performance
The reported revenue was essentially unchanged from the immediately preceding quarter, reflecting a pause in sequential growth.
Quarterly comparison
Compared to the same quarter one year earlier, revenue grew at a robust pace, continuing a year-over-year expansion trend.
What to watch
Inventory levels have risen notably from the prior fiscal year-end, warranting attention to future sell-through rates.