LULU earnings call for the period ending December 31, 2024.
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Lululemon Athletica (LULU 1.18%)
Q4 2024 Earnings Call
Mar 27, 2025, 4:30 p.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Thank for standing by. This is the conference operator. Welcome to the lululemon athletica inc. fourth quarter and full year 2024 financial results conference call.
As a reminder, all participants are in listen-only mode, and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. [Operator instructions] I would now like to turn the conference over to Howard Tubin, vice president, investor relations, for lululemon athletica. Please go ahead.
Howard Tubin — Vice President, Investor Relations
Thank you, and good afternoon. Welcome to lululemon’s fourth quarter earnings call. Joining me to talk about our results are Calvin McDonald, CEO; and Meghan Frank, CFO. Before we get started, I’d to take this opportunity to remind you that our remarks today will include forward-looking statements reflecting management’s current forecast of certain aspects of lululemon’s future.
These statements are based on current information which we have assessed, but by which its nature is dynamic, and subject to rapid and even abrupt changes. Actual results may differ materially from those contained in or implied by these forward-looking statements due to risks and uncertainties associated with our business, including those we have disclosed in our most recent filings with the SEC, including our annual report on Form 10-K and our quarterly reports on Form 10-Q. Any forward-looking statements that we make on this call are based on assumptions as of today, and we expressly disclaim any obligation or undertaking to update or revise any of these statements as a result of new information or future events. During this call, we will present both GAAP and non-GAAP financial measures.
Reconciliation of GAP to non-GAAP measures is included in our annual report on Form 10-K and in today’s earnings press release. In addition, the comparable sales metrics given on today’s call are on a constant dollar basis. Press release and accompanying annual report on Form 10-K are available under the investors section of our website at www.lululemon.com. Before we begin the call, I’d like to remind our investors to visit our investor site where you’ll find a summary of our key financial and operating statistics for the fourth quarter, as well as our quarterly infographic.
Today’s call is scheduled for one hour, so please limit yourself to one question at a time to give others the opportunity to have their questions addressed. And now, I would like to turn the call over to Calvin.
Calvin McDonald — Chief Executive Officer and Director
Thank you, Howard. I’d like to welcome everyone to our fourth quarter call. I’m pleased to be here to discuss our results, which contributed to another year of growth at lululemon, and also speak to our outlook for 2025. On today’s call, I’ll start with our performance in Quarter 4, which exceeded the revised guidance we provided in January.
And I’ll also share some key highlights on our annual performance. Next, I’ll provide insights into our product innovation and the strength of our pipeline. I’ll then detail our strategies to raise our brand awareness, which remains a significant opportunity for us globally. Meghan will then review our financials and provide our guidance for the first quarter in full year of 2025.
