Lululemon’s Q3 2020 Earnings Crushed Forecasts, Boasts 1.12 Billion USD in Net Revenue

Picture of Lululemon city store

Source: Dreamstime | Photographer: Michael Spring

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On Thursday (10.12), Lululemon Athletica reported profits that overshadowed Wall Street expectations by a wide margin thanks to record Thanksgiving and Black Friday sales.

After initial gains following the news, the company’s shares fell by around 1% in the after-hours trading session. So far this year, Lululemon’s shares have grown by 59%.

Here are the main financial highlights from Lululemon Athletica’s Q3 2020 earnings release:


Net revenue: $1.12 billion (up 22% year-over-year) versus expectations for $1.02 billion

Earnings per share: $1.16 versus expectations for 88 cents

Total income from sales: $1.1 billion (up 22% compared to last year)


Most of the company’s net revenue growth came from customers in North America (19%), which primarily shopped online. In total, according to Lululemon, direct sales (sales that the company makes straight to consumers, without any middlemen) represented 42.8% of its total quarterly revenue – almost double the growth compared to a year earlier.

We would also like to remind our readers that, earlier this year, Lululemon had purchased the exercise equipment maker Mirror for $500 million. Throughout its third quarter, Lululemon had sold many of the former manufacturer’s high-tech, mirror-like workout devices for approximately $1,500 a piece in 18 of its stores, as well as through its website.


Earnings guidance for FY 2020

So far the company has withheld its full-year financial outlook, citing COVID-19 concerns.

Upcoming reports

See the full list of upcoming earnings reports for 14 – 19 December in the tables below.

Monday, December 14th 2020

Country of originCompany nameFiscal period
GermanyMetro AG
Q4 2020

Tuesday, December 15th 2020

Country of originCompany nameFiscal period
USACintas Corp
Q2 2021
United KingdomShaftesbury PLC
Full Year 2020
SpainIndustria de Diseno Textil SA
Q3 2020
GermanyCeconomy AG
Q4 2020

Wednesday, December 16th 2020

Country of originCompany nameFiscal period
USAABM Industries Inc
Q4 2020
USAPaychex Inc
Q2 2021
AustriaEVN AG
Full Year 2020

Thursday, December 17th 2020

Country of originCompany nameFiscal period
CanadaBlackBerry Ltd
Q3 2021
USAFedEx Corp
Q2 2021
USAGeneral Mills Inc
Q2 2021

Friday, December 18th 2020

Country of originCompany nameFiscal period
USAProgressive Corp
Earnings for November 2020
USACarnival Corp
Q4 2020
United KingdomCarnival PLC
Q4 2020

Saturday, December 19th 2020

Country of originCompany nameFiscal period
USANike Inc
Q2 2021


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