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Last $64.83 USD
Change Today +0.52 / 0.80%
Volume 1.7M
LULU On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 3:56 PM 03/30/15 All times are local (Market data is delayed by at least 15 minutes).

lululemon athletica inc (LULU) Key Developments

Lululemon Athletica Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended February 1, 2015; Provides Earnings Guidance for the First Quarter and Full Year of Fiscal 2015

Lululemon Athletica Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended February 1, 2015. For the quarter, the company reported net revenue of $602,491,000 compared to $520,993,000 a year ago. Income from operations was $157,188,000 compared to $154,147,000 a year ago. Income before provision for income taxes was $158,943,000 compared to $155,666,000 a year ago. Net income was $110,853,000 or $0.78 per basic and diluted share compared to $109,692,000 or $0.75 per basic and diluted share a year ago. Capital expenditures were $30.4 million for the fourth quarter compared to $34.5 million in the fourth quarter of last year. For the year, the company reported net revenue of $1,797,213,000 compared to $1,591,188,000 a year ago. Income from operations was $376,033,000 compared to $391,358,000 a year ago. Income before provision for income taxes was $383,135,000 compared to $397,126,000 a year ago. Net income was $239,033,000 or $1.66 per basic and diluted share compared to $279,547,000 or $1.91 per basic and diluted share a year ago. Net cash provided by operating activities as $314,449,000 compared to $278,339,000 a year ago. Diluted earnings per share, excluding the tax expense on repatriated foreign earnings were $1.89 compared to $1.91 a year ago. For the first quarter of fiscal 2015, the company expects net revenue to be in the range of $413 million to $418 million based on a total comparable sales increase in the low single digits on a constant dollar basis. Diluted earnings per share are expected to be in the range of $0.31 to $0.33 for the quarter. This guidance assumes 142.3 million diluted weighted-average shares outstanding and a 30.2% tax rate. The guidance does not reflect potential future repurchases of the Company's shares. The company anticipates its gross margin in the first quarter to be between 49% and 50%. For the full fiscal 2015, the company expects net revenue to be in the range of $1.970 billion to $2.020 billion based on a total comparable sales increase in the mid single digits on a constant dollar basis. Diluted earnings per share are expected to be in the range of $1.85 to $1.90 for the full year. This guidance assumes 142.6 million diluted weighted-average shares outstanding and a 30.2% tax rate. The guidance does not reflect potential future repurchases of the company's shares. The company expects capital expenditures to range between $130 million and $135 million for the fiscal year 2015, reflecting a higher number of new store openings, renovations and relocation capital, and also strategic IT and supply chain capital investments. The company expects gross margin for the year to deliver from 2014, with merchandise margin stabilizing but more than offset by the factors mentioned in regards to the first quarter.

Lululemon Athletica Inc. to Report Q4, 2015 Results on Mar 26, 2015

Lululemon Athletica Inc. announced that they will report Q4, 2015 results at 9:00 AM, US Eastern Standard Time on Mar 26, 2015

Lululemon Athletica Inc., Q4 2015 Earnings Call, Mar 26, 2015

Lululemon Athletica Inc., Q4 2015 Earnings Call, Mar 26, 2015

V.F. Corp Reportedly May Acquire Lululemon

V.F. Corporation (NYSE:VFC) is reportedly looking to acquire Lululemon Athletica Inc. (NasdaqGS:LULU). Shares of Lululemon are moving up because of the speculation.

Lululemon to Set Open Yoga Clothing Brand Stores Across Gulf

Lululemon is expected to launch in Dubai in autumn with a unique store concept, after signing an exclusive deal with UAE shopping mall owner Majid Al Futtaim's fashion division. The deal covers the entire Middle East, with between 15 and 22 more stores to open in the UAE, Qatar, Bahrain, Oman and Kuwait over the next five years.

 

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LULU

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Valuation LULU Industry Range
Price/Earnings 30.5x
Price/Sales 4.0x
Price/Book 6.6x
Price/Cash Flow 30.6x
TEV/Sales 3.7x
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