2024-06-06 09:50:00 ET
Summary
- Lululemon's growth momentum in international markets, especially in China, helped mask the weakness in the US.
- LULU management expects international to eventually contribute 50% of overall revenue.
- Inventory declined by 15% YoY and LULU expects it to decrease mid-teens in Q2 as well before starting to increase in line with revenue in the second half of the year.
Lululemon ([[LULU]], [[LULU:CA]]) was facing some really thorny questions from Mr. Market ever since 4Q’23 earnings. Wednesday's earnings should help calm some nerves....
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For further details see:
Lululemon Q1 2024 Earnings Update