Page 1

Q2 2021 Earnings Total revenue $ 1.5B / + 61 % Revenue growth on 2 - year CAGR basis + 28 % Adjusted EPS¹ $ 1.65 Expect to achieve several of our 2023 goals early . Power of Three Product Innovation Women's revenue on 2 - year CAGR basis Men's revenue on 2 - year CAGR basis Ω + 26 % + 31 % Launched our new Air Support Bra with unique innovations that expand our offering in high impact training . Omni Guest Experience Company operated stores on 2 - year CAGR Digital revenue on 2 - year CAGR + 9 % + 66 % Open stores generating productivity in line with 2019 levels . 403 " Our second quarter results demonstrate the continued momentum across the business , and how we are living into our Power of Three growth plan and Impact Agenda commitments . We launched exciting new products , experienced strength across channels and geographies , and announced new partnerships that will allow us to become a leader in product sustainability . I'm inspired every day by our teams around the world for their continued enthusiasm , agility , and commitment to the brand . " Calvin McDonald , CEO , lululemon Market Expansion International revenue on 2 - year CAGR North American revenue on 2 - year CAGR + 43 % + 26 % Opened 11 new stores , ending Q2 with 534 stores globally . U lululemon This infographic contains " forward - looking statements , " which are based on our current expectations , but they involve a number of risks and uncertainties that could cause actual results to differ materially from those anticipated . These risks and uncertainties include ( but are not limited to ) : our ability to maintain the value and reputation of our brand ; the current COVID - 19 coronavirus pandemic and related government , private sector , and individual consumer responsive actions ; our highly competitive market and increasing competition ; increasing costs and decreasing selling prices ; our ability to anticipate consumer preferences and successfully develop and introduce new , innovative and updated products ; the acceptability of our products to guests ; our ability to accurately forecast guest demand for our products ; changes in consumer shopping preferences and shifts in distribution channels ; our ability to expand internationally in light of our limited operating experience and limited brand recognition in new international markets ; our ability to realize the potential benefits and synergies sought with the acquisition of MIRROR ; our ability to manage our growth and the increased complexity of our business effectively ; our ability to successfully open new store locations in a timely manner ; seasonality ; disruptions of our supply chain ; our reliance on and limited control over third - party suppliers to provide fabrics for and to produce our products ; suppliers or manufacturers not complying with our Vendor Code of Ethics or applicable laws ; our ability to deliver our products to the market and to meet guest expectations if we have problems with our distribution system ; increasing labor costs and other factors associated with the production of our products in South Asia and South East Asia ; our ability to safeguard against security breaches with respect to our information technology systems ; our compliance with privacy and data protection laws ; any material disruption of our information systems ; our ability to have technology - based systems function effectively and grow our e - commerce business globally ; climate change , and related legislative and regulatory responses ; increased scrutiny regarding our environmental , social , and governance , or sustainability responsibilities ; an economic recession , depression , or downturn or economic uncertainty in our key markets ; global economic and political conditions and global events such as health pandemics ; our ability to source and sell our merchandise profitably or at all if new trade restrictions are imposed or existing trade restrictions become more burdensome ; changes in tax laws or unanticipated tax liabilities ; our ability to comply with trade and other regulations ; fluctuations in foreign currency exchange rates ; imitation by our competitors ; our ability to protect our intellectual property rights ; conflicting trademarks and the prevention of sale of certain products ; our exposure to various types of litigation ; and other risks and uncertainties included in our most recent reports on Form 10 - K and Form 10 - Q filed with the SEC . Please refer to our second quarter earnings release which is available at http://investor.lululemon.com/ and to our Report on Form 10 - Q filed with the SEC on September 8 , 2021 which is available at www.sec.gov . ' Non - GAAP measure This metric is a non - GAAP financial measure and is not intended to be considered isolation or as a substitute the financial information prepared and presented accordance with GAAP . A reconciliation of this non - GAAP financial measure to its most directly comparable GAAP measure follows : Adjusted financial measure Adjusted earnings per share excludes transaction and integration costs , and certain acquisition - related compensation costs , incurred in connection with the acquisition of MIRROR , and the related income tax effects these items . Q2 2021 GAAP measure Transaction and integration costs Acquisition - related compensation Adjusted non - GAAP measure Diluted EPS ( $ ) $ 1.59 0.01 0.05 $ 1.65 The above 2 - year CAGR metrics for revenue represent the effective compound growth rate from Q2 2019 to Q2 2021 lululemon.com