Lululemon Athletica Inc. (NASDAQ:LULU) Q4 2023 Earnings Call Transcript

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Meghan Frank: Thanks, Ike. So, we aren’t providing forward-looking comps. But we would share that we see North America below the guided growth range and then international significantly above. In terms of margins, as I mentioned, relatively flat markdowns year-over-year. And as you mentioned, we do have an over penetration in our international regions. We are still investing behind our DC, distribution center network. That’s a multi-year investment. So that would be embedded in our gross margin guide that we’ve provided.

Ike Boruchow: Okay. Thank you.

Meghan Frank: Thank you.

Operator: That’s all the time we have for questions today. Thank you for joining the call, and have a nice day.

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