lululemon athletica (LULU) Revenue — Quarter Ended Apr 28, 2024
Revenue declined sharply from the prior quarter but increased compared with the same period a year earlier. The sequential drop reflects typical seasonal patterns, while the year-over-year gain indicates ongoing growth.
Key takeaway
Quarter ended Apr 28, 2024 · FY2024 Q1
Revenue declined sharply from the prior quarter but increased compared with the same period a year earlier. The sequential drop reflects typical seasonal patterns, while the year-over-year gain indicates ongoing growth.
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
-31.1%
Change from the immediately preceding quarter.
Year-over-year
+10.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$9.8B
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 |
|---|---|---|
| Jul 30, 2023 | $2.2B | +18.2% |
| Oct 29, 2023 | $2.2B | +18.7% |
| Jan 28, 2024 | $3.2B | +15.6% |
| Apr 28, 2024 | $2.2B | +10.4% |
Revenue performance
Revenue decreased significantly from the preceding quarter, marking a notable sequential contraction. On a year-over-year basis, however, revenue continued to expand.
Quarterly comparison
Compared with the immediately preceding quarter, revenue experienced a substantial decline. In contrast, revenue rose relative to the same quarter one year earlier.
What to watch
Monitor whether the sequential revenue decline signals a broader demand slowdown or remains a temporary seasonal adjustment.