lululemon athletica inc (LULU) Key Developments
Lululemon Strength Attributed To Takeover Speculation
Sep 16 15
Lululemon Athletica Inc. is moving higher amid renewed speculation. V.F. Corporation (NYSE:VFC) may be interested in acquiring Lululemon.
Lululemon Athletica Inc. Plans to Open 60 Company-Operated Stores
Sep 10 15
Lululemon Athletica Inc. planned to open 60 company-operated stores, which includes up to 8 new stores in Asia and Europe and also 20 ivivva stores for the full year 2015.
Lululemon Athletica Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended August 2, 2015; Provides Earnings Guidance for the Third Quarter and Full Year 2015
Sep 10 15
Lululemon Athletica Inc. announced unaudited consolidated earnings results for the second quarter and six months ended August 2, 2015. For the quarter, the company reported net revenue of $453.010 million against $390.708 million a year ago. The increase in revenue was driven by total constant dollar comparable sales growth of 11% comprised of a bricks-and-mortar comparable store sales increase of 6% and a 35% growth online and also square footage growth of 24% versus last year, driven by the addition of 66 net new company operated stores since second quarter of 2014, 39 net new stores in the United States, 3 stores in Canada, 1 store in Australia, 3 in Europe, 3 in Asia and 17 ivivva stores and offset by the foreign exchange impact of a weaker Canadian and Australian dollar, which had the effect of decreasing reported revenues by $20.3 million or 4.5%. Income from operations was $66.579 million against $67.888 million a year ago. Income before provision for income taxes was $67.421 million against $69.778 million a year ago. Net income was $47.668 million or $0.34 diluted per share against $48.748 million or $0.33 diluted per share a year ago. Capital expenditures were $37.2 million compared to $26.7 million in the second quarter last year.
For the six months, the company reported net revenue of $876.554 million against $775.326 million a year ago. Income from operations was $134.615 million against $137.689 million a year ago. Income before provision for income taxes was $135.986 million against $141.222 million a year ago. Net income was $95.478 million or $0.67 diluted per share against $67.729 million or $0.46 diluted per share a year ago. Net cash provided by operating activities was $32.161 million against $123.985 million a year ago.
For the third quarter of fiscal 2015, the company expects net revenue to be in the range of $477 million to $482 million based on total comparable sales in the high single digits on a constant dollar basis. Diluted earnings per share are expected to be in the range of $0.35 to $0.37 for the quarter. Assuming a tax rate of 30.2%. Gross margin to be approximately 47%.
For the full fiscal 2015, the company now expect net revenue to be in the range of $2.025 billion to $2.055 billion based on total comparable sales in the high single digits on a constant dollar basis. Diluted earnings per share are expected to be in the range of $1.87 to $1.92 for the full year. capital expenditures to range between $135 million to $140 million for the fiscal year 2015 reflecting new store openings including outlets, renovations, relocation capital and also strategic IT and supply chain capital investments.
Lululemon Athletica Inc. Presents at Stifel Nicolaus 2015 Consumer Conference, Sep-17-2015 01:50 PM
Sep 3 15
Lululemon Athletica Inc. Presents at Stifel Nicolaus 2015 Consumer Conference, Sep-17-2015 01:50 PM. Venue: The New York Palace Hotel, 455 Madison Avenue, New York, NY 10022, United States. Speakers: Jodi Regts, Director, IR, Stuart C. Haselden, Chief Financial Officer.
Lululemon Athletica Inc. to Report Q2, 2016 Results on Sep 10, 2015
Aug 26 15
Lululemon Athletica Inc. announced that they will report Q2, 2016 results at 9:00 AM, US Eastern Standard Time on Sep 10, 2015