Lululemon Athletica — Dec 3, 2024 release

 Third Quarter 2023 Gross Profit Gross Margin Income from Operations Operating Margin Income Tax Expense Effective Tax Rate Net Income Diluted Earnings Per Share GAAP results $ 1,256,664  57.0  % $ 338,115  15.3  % $ 99,243  28.5  % $ 248,714  $ 1.96  lululemon Studio charges: lululemon Studio obsolescence provision 23,709  1.1  23,709  1.1  23,709  0.19  Impairment of assets 44,186  2.0  44,186  0.35  Restructuring costs 30,315  1.4  30,315  0.24  Tax effect of the above 26,085  (0.4) (26,085) (0.21) 23,709  1.1  98,210  4.5  26,085  (0.4) 72,125  0.57  Adjusted results (non-GAAP) $ 1,280,373  58.1  % $ 436,325  19.8  % $ 125,328  28.1  % $ 320,839  $ 2.53  First Three Quarters 2023 Gross Profit Gross Margin Income from Operations Operating Margin Income Tax Expense Effective Tax Rate Net Income Diluted Earnings Per Share GAAP results $ 3,705,980  57.8  % $ 1,218,786  19.0  % $ 363,293  29.2  % $ 880,722  $ 6.92  lululemon Studio charges: lululemon Studio obsolescence provision 23,709  0.3  23,709  0.3  23,709  0.19  Impairment of assets 44,186  0.7  44,186  0.35  Restructuring costs 30,315  0.5  30,315  0.24  Tax effect of the above 26,085  (0.2) (26,085) (0.21) 23,709  0.3  98,210  1.5  26,085  (0.2) 72,125  0.57  Adjusted results (non-GAAP) $ 3,729,689  58.1  % $ 1,316,996  20.5  % $ 389,378  29.0  % $ 952,847  $ 7.49  9 Expected net revenue increase excluding the 53rd week The Company's fiscal year ends on the Sunday closest to January 31st of the following year, typically resulting in a 52-week year, but occasionally giving rise to an additional week, resulting in a 53-week year. Fiscal 2023 was a 52-week year while 2024 will be a 53-week year. Fourth Quarter 2024 Fiscal 2024 Expected net revenue increase 8% to 10% 9% Impact of 53rd week (5)% to (6)% (2)% Expected net revenue increase excluding the 53rd week (non-GAAP) 3% to 4% 7% 10 lululemon athletica inc. Company-operated Store Count and Square Footage (1) Square footage expressed in thousands Number of Stores Open at the Beginning of the Quarter Number of Stores Opened During the Quarter Number of Stores Closed During the Quarter Number of Stores Open at the End of the Quarter 4 th Quarter 2023 686  26  1  711  1 st Quarter 2024 711  5  5  711  2 nd Quarter 2024 711  11  1  721  3 rd Quarter 2024 721  28  —  749    Total Gross Square Feet at the Beginning of the Quarter Gross Square Feet Added During the Quarter (2) Gross Square Feet Lost During the Quarter (2) Total Gross Square Feet at the End of the Quarter 4 th Quarter 2023 2,797  173  3  2,967  1 st Quarter 2024 2,967  35  14  2,988  2 nd Quarter 2024 2,988  90  3  3,075  3 rd Quarter 2024 3,075  156  —  3,231    __________ (1) Company-operated store count and square footage summary excludes retail locations operated by third parties under license and supply arrangements. (2) Gross square feet added/lost during the quarter includes net square foot additions for company-operated stor