lululemon athletica inc., an athletic apparel company, together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga and running; other sweaty pursuits; and athletic wear 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 company-operated stores; outlets and warehouse sales; a network of wholesale accounts,...
1818 Cornwall Avenue
Vancouver, BC V6J 1C7
Founded in 1998
Glenn Murphy Joins Lululemon Athletica Board of Directors
Apr 7 17
Lululemon Athletica Inc. announced that Glenn Murphy, Founder and CEO of FIS Holdings, has been appointed to the company's Board of Directors as Co-Chairman, effective immediately. Michael Casey will be stepping down from the role of Co-Chairman, and remain a Director. Mr. Casey will also continue to Chair the Compensation Committee and will remain on the Audit Committee. As Head of FIS Holdings, Mr. Murphy is responsible for leading the high-impact consumer-focused investment firm deploying a combination of operating guidance and capital flexibility. Prior to founding FIS Holdings, he served as Chairman and CEO of The Gap Inc. for seven years. Mr. Murphy has also successfully led diverse retail businesses and brands across grocery, pharma, health and beauty, books and lifestyle; having previously served as CEO of Shoppers Drug Mart Corporation, and CEO and President for the Retail Division of Chapters Inc.
Lululemon Athletica Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended January 29, 2017; Provides Earnings Guidance for the First Quarter and Full Year of 2017
Mar 29 17
Lululemon Athletica Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended January 29, 2017. For the quarter, the company reported net revenue of $789,940,000 compared to $704,276,000 a year ago. Income from operations was $196,629,000 compared to $166,283,000 a year ago. Income before income taxes was $197,486,000 compared to $167,221,000 a year ago. Net income was $136,135,000 or $0.99 per basic and diluted share compared to $117,416,000 or $0.85 per basic and diluted share a year ago. Diluted earnings per share, excluding tax and related interest adjustments were $1.00 compared to $0.85 a year ago. Capital expenditures were $43.3 million for the quarter compared to $35.4 million in the fourth quarter last year.
For the year, the company reported net revenue of $2,344,392,000 compared to $2,060,523,000 a year ago. Income from operations was $421,152,000 compared to $369,076,000 a year ago. Income before income taxes was $422,729,000 compared to $368,495,000 a year ago. Net income was $303,381,000 or $2.21 per diluted share compared to $266,047,000 or $1.89 per diluted share a year ago. Net cash provided by operating activities as $385,119,000 compared to $298,740,000 a year ago. Diluted earnings per share, excluding tax and related interest adjustments were $2.14 compared to $1.86 a year ago.
For the first quarter of fiscal 2017, the company expects net revenue to be in the range of $510 million to $515 million based on a total comparable sales decrease in the low-single digits on a constant dollar basis. Diluted earnings per share are expected to be in the range of $0.25 to $0.27 for the quarter. This guidance assumes 137.3 million diluted weighted-average shares outstanding and a 31.2% tax rate.
For the full fiscal 2017, the company expects net revenue to be in the range of $2.550 billion to $2.600 billion 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 $2.26 to $2.36 for the full year. The company expects capital expenditures to range between $170 million and $175 million for the fiscal year 2017, reflecting new store openings, renovations, relocation capital and also strategic IT and supply chain capital investments. The company assumes an effective tax rate of 31.2%.
Lululemon Athletica Inc. to Report Q4, 2017 Results on Mar 29, 2017
Mar 15 17
Lululemon Athletica Inc. announced that they will report Q4, 2017 results at 2:28 PM, GMT Standard Time on Mar 29, 2017