LVLU - Lululemon  GAAP EPS of $0.02 misses by $0.07 revenue of $105.3M misses by $8.87M

• Lululemon press release ( NASDAQ: LVLU ): Q3 GAAP EPS of $0.02 misses by $0.07 .
• Revenue of $105.3M (-0.9% Y/Y) misses by $8.87M .
• Active Customers of 3.2 million, a 29.2% increase compared to the same period last year.
• AOV of $133, an increase of 6.4% compared to the same period last year.
• Gross Margin decreased 560 basis points to 42.1% and gross profit decreased 12.7%, in each case compared to the same period last year.
• Interest expense decreased by $3.3 million, a 91% decrease compared to the same period last year. The significant decrease is attributable to the repayment of our Term Loan with the proceeds from our IPO in November 2021.
• Net income of $0.9 million, a $2.9 million decrease compared to the same period last year.
• Adjusted EBITDA of $5.4 million, a 54.9% decrease compared to the same period last year.

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