Lululemon Athletica — Mar 27, 2025 release

Fourth Quarter 2024 Fiscal 2024 Change Impact of 53rd week Change excluding the 53rd week (non-GAAP) Change Impact of 53rd week Change excluding the 53rd week (non-GAAP) Women's product 11  % (5) % 6  % 9  % (2) % 7  % Men's product 17  (5) 12  14  (2) 12  Other categories 13  (4) 9  10  (2) 8  Total 13  % (5) % 8  % 10  % (2) % 8  % The below changes show the expected change for 2025 compared to the corresponding period in 2024. Fiscal 2025 Expected net revenue increase 5% to 7% Impact of 53rd week 1% to 2% Expected net revenue increase excluding the 53rd week (non-GAAP) 7% to 8% Adjusted financial measures The following table reconciles the most directly comparable measures calculated in accordance with GAAP with the adjusted financial measures for 2023. The adjustments relate to certain inventory provisions, asset impairments, and restructuring costs recognized in relation to lululemon Studio, and their related tax effects. Please refer to Note 9. Impairment of Goodwill and Other Assets, Restructuring Costs included in Item 8 of Part II of the Company's Report on Form 10-K to be filed with the SEC on or about March 27, 2025 for further information on the nature of these amounts. There were no adjusted financial measures for 2024. Fiscal 2023 Gross Profit Gross Margin Income from Operations Operating Margin Income Tax Expense Effective Tax Rate Net Income Diluted Earnings Per Share GAAP results $ 5,609,405  58.3  % $ 2,132,676  22.2  % $ 625,545  28.8  % $ 1,550,190  $ 12.20  lululemon Studio charges: lululemon Studio obsolescence provision 23,709  0.3  23,709  0.2  23,709  0.19  Impairment of assets 44,186  0.5  44,186  0.35  Restructuring costs 30,315