lululemon athletica inc., together with its subsidiaries, designs, manufactures, and distributes athletic apparel and accessories for women, men, and female youth. It operates through two segments, Corporate-Owned Stores and Direct To Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle activities and athletic pursuits, such as yoga, running, and general fitness; and dance-inspired apparel for female youth. It also provides fitness-related accessories, including bags, socks, underwear, yoga mats, and water bottles. The company sells its products through a chain of corporate-owned and operated retail stores; a network of wholesale channel, such as yoga studios, ...
1818 Cornwall Avenue
Vancouver, BC V6J 1C7
Founded in 1998
Kathryn Henry Joins Lululemon Athletica Board of Directors
Feb 2 16
Lululemon Athletica Inc. announced that Kathryn Henry has been appointed to the company's Board of Directors, effective immediately. Ms. Henry's appointment expands lululemon athletica's Board of Directors to 11 members. Ms. Henry previously served as Chief Information Officer, Logistics & Distribution at lululemon athletica from 2010 to 2014. In her role, Ms. Henry oversaw all global information and technology operations for the company. Since 2015, Ms. Henry has served as a strategic consultant for retail and technology companies, in addition to venture capital, investment and consulting firms seeking executive level guidance. Prior to joining lululemon in 2010, Ms. Henry worked at Gap Inc., where she served as Vice President and Chief Information Officer of International IT and Gap North America and was responsible for the systems support of key international growth initiatives. Prior to that, Ms. Henry was Vice President of Dockers Business Divestiture and Vice President of Global IT Strategy & Development at Levi Strauss & Co.
Lululemon Athletica Inc. Revises Earnings Guidance for the Fourth Quarter Ending January 31, 2016
Jan 11 16
Lululemon Athletica Inc. revised earnings guidance for the fourth quarter ending January 31, 2016. For the fourth quarter, the company now anticipates that net revenue will be in the range of $690 million to $695 million, which represents an increase of approximately 15% compared to the fourth quarter of fiscal 2014, or on a constant dollar basis, an increase of approximately 19%. This is based on a total comparable sales increase in the high-single digits on a constant dollar basis. This compares to previous guidance of net revenue in the range of $670 million to $685 million for the fourth quarter based on a total comparable sales increase in the mid-single digits on a constant dollar basis. The company also now expects diluted earnings per share will be in the range of $0.78 to $0.80 for the fourth quarter. The previous EPS guidance for the fourth quarter was a range of $0.75 to $0.78. EPS guidance continues to assume 139.0 million diluted weighted-average shares outstanding and a 29.5% tax rate.
Lululemon Athletica Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended November 1, 2015; Provides Earnings Guidance for the Fourth Quarter and Full Fiscal Year 2015
Dec 9 15
Lululemon Athletica Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended November 1, 2015. For the quarter, the company reported net revenue was $254,896,000 compared to $208,308,000 a year ago. Income from operations was $68,178,000 compared to $81,156,000 a year ago. Income before income tax expense was $65,288,000 compared to $82,970,000 a year ago. Net income was $53,153,000 or $0.38 basic and diluted per share compared to $60,451,000 or $0.42 basic and diluted per share a year ago. Comparable store sales for the third quarter increased by 6% on a constant dollar basis and direct to consumer revenue increased 21% on a constant dollar basis.
For the nine months, the company reported net revenue was $713,548,000 compared to $590,583,000 a year ago. Income from operations was $202,793,000 compared to $218,845,000 a year ago. Income before income tax expense was $201,274,000 compared to $224,192,000 a year ago. Net income was $148,631,000 or $1.05 diluted per share compared to $128,180,000 or $0.88 diluted per share a year ago. Net cash provided by operating activities was $25,940,000 compared to $166,841,000 a year ago.
For the fourth quarter of fiscal 2015, the company expects net revenue to be in the range of $670 million to $685 million based on total comparable sales in the mid-single digits on a constant dollar basis. Diluted earnings per share are expected to be in the range of $0.75 to $0.78 for the quarter. This guidance assumes 139.0 million diluted weighted-average shares outstanding and a 29.5% tax rate. The guidance does not reflect potential future repurchases of the company's shares.
For the full fiscal 2015, the company now expects net revenue to be in the range of $2.025 billion to $2.040 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 $1.81 to $1.84 for the full year, or $1.78 to $1.81 normalized for the tax and related interest adjustments made during the third quarter of fiscal 2015. This guidance assumes 140.9 million diluted weighted-average shares outstanding and a 27.6% tax rate, which includes the above tax adjustments. The guidance does not reflect potential future repurchases of the company's shares.