Lululemon athletica (LULU, Financial) has achieved a significant milestone by exceeding $10 billion in annual revenue during fiscal 2024. The company reported an 11% increase in revenue, reaching $10.58 billion compared to $9.61 billion the previous year. This growth was supported by a 36% surge in international revenue and a modest 4% rise in the Americas. Additionally, Lululemon saw a 12% rise in gross profit to $6.27 billion, while operating income climbed 17% to $2.50 billion, bolstering the operating margin to 23.7%.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 31 analysts, the average target price for Lululemon Athletica Inc (LULU, Financial) is $385.59 with a high estimate of $500.00 and a low estimate of $194.00. The average target implies an upside of 31.75% from the current price of $292.67. More detailed estimate data can be found on the Lululemon Athletica Inc (LULU) Forecast page.
Based on the consensus recommendation from 34 brokerage firms, Lululemon Athletica Inc's (LULU, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Lululemon Athletica Inc (LULU, Financial) in one year is $534.12, suggesting a upside of 82.5% from the current price of $292.67. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Lululemon Athletica Inc (LULU) Summary page.
