lululemon athletica inc
For the period ended Jul 28, 2024. Filed Aug 29, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jul 28, 2024 · Filed Aug 29, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Non-GAAP Financial Measures
Constant dollar changes are non-GAAP financial measures.
A constant dollar basis assumes the average foreign currency exchange rates for the period remained constant with the average foreign currency exchange rates for the same period of the prior year. We provide constant dollar changes in our results to help investors understand the underlying growth rate of net revenue excluding the impact of changes in foreign currency exchange rates. Management uses these constant currency metrics internally when reviewing and assessing financial performance.
The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or with greater prominence to, the financial information prepared and presented in accordance with GAAP. A reconciliation of the non-GAAP financial measures follows, which includes more detail on the GAAP financial measure that is most directly comparable to each non-GAAP financial measure, and the related reconciliations between these financial measures. Our non-GAAP financial measures may be calculated differently from, and therefore may not be directly comparable to, similarly titled measures reported by other companies.
Constant Dollar Changes
The below changes in net revenue and comparable sales show the change compared to the corresponding period in the prior year.
| Second Quarter 2024 Compared to Second Quarter 2023 | First Two Quarters 2024 Compared to First Two Quarters 2023 | |||||
|---|---|---|---|---|---|---|
| Change | Foreign exchange changes | Change in constant dollars | Change | Foreign exchange changes | Change in constant dollars | |
| Net Revenue | ||||||
| Americas | 1% | 1% | 2% | 2% | 1% | 3% |
| China Mainland | 34 | 3 | 37 | 39 | 5 | 44 |
| Rest of World | 24 | 3 | 27 | 25 | 3 | 28 |
| Total net revenue | 7% | 1% | 8% | 9% | 1% | 10% |
| Comparable sales(1) | ||||||
| Americas | (3)% | 1% | (2)% | (1)% | —% | (1)% |
| China Mainland | 21 | 2 | 23 | 24 | 4 | 28 |
| Rest of World | 17 | 3 | 20 | 20 | 3 | 23 |
| Total comparable sales | 2% | 1% | 3% | 4% | 1% | 5% |
(1)Comparable sales includes comparable company-operated store and e-commerce net revenue.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.