Last $51.71 USD
Change Today -1.00 / -1.90%
Volume 2.7M
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

lululemon athletica inc (LULU) Key Developments

U.S. District Court Dismisses Shareholder Class Action Lawsuits Against Lululemon Athletica

U.S. District Court Judge Katherine Forrest dismissed shareholder class action lawsuits against Lululemon Athletica. Shareholders accused the company of fraud for allegedly concealing defects in the quality of yoga pants. Lululemon and some of its current and former executives and directors were accused of violating the Securities Exchange Act and state law due to serious quality control problems. The company had to recall its yoga pants after a supplier mistake left the pants too sheer. Shareholders filed the lawsuit saying investors lost about $2 billion after the recall.

Lululemon Athletica Inc. - Analyst/Investor Day

Lululemon Athletica Inc. - Analyst/Investor Day

lululemon athletica inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended February 2, 2014; Provides Earnings Guidance for the First Quarter and Full Year of Fiscal 2014; Plans to Open 42 Stores in the Full Fiscal Year 2014

lululemon athletica inc. reported unaudited consolidated earnings results for the fourth quarter and year ended February 2, 2014. For the quarter, net revenue increased 7% to $521.0 million from $485.5 million in the fourth quarter of fiscal 2012. Income from operations for the quarter increased by 1% to $154.1 million compared to $152.6 million for the fourth quarter of fiscal 2012. Income before provision for income taxes was $155.7 million against $154.0 million last year. Net income attributable to the company was $109.7 million or $0.75 per basic and diluted share against $109.4 million or $0.75 per diluted share last year. For the fiscal year ended February 2, 2014, net revenue increased 16% to $1.6 billion from $1.4 billion in fiscal 2012. Income from operations was increased by 4% to $391.4 million, from $376.4 million in fiscal 2012. Income before provision for income taxes was $397.1 million against $381.4 million last year. Net income attributable to the company was $279.5 million or $1.91 per diluted share against $270.6 million or $1.85 per diluted share last year. Net cash provided by operating activities was $278.3 million against $280.1 million last year. For the first quarter of fiscal 2014, the company expects net revenue to be in the range of $377 million to $382 million based on flat total combined comparable sales 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. For fiscal 2014, the company expects net revenue to be in the range of $1.770 billion to $1.820 billion based on a total combined comparable sales increase in the low to mid-single digits on a constant dollar basis. Diluted earnings per share are expected to be in the range of $1.80 to $1.90 for the full year. This guidance assumes 30.0% tax rate. While continuing to invest in the company infrastructure, the company will also be rebalancing the company investments to focus on key priorities that drive growth in areas such as brand, product innovation and guest experience. As a result, the company expects overall operating margin to deleverage from 2013, and the company fiscal year diluted earnings per share to be approximately $1.80 to $1.90. This is based on 146.3 million diluted weighted-average shares outstanding, and it assumes the company effective tax rate of 30%. The company expects capital expenditures to be between $110 million and $115 million for fiscal 2014, reflecting new store build-outs, renovation and relocation capital for existing stores, IT systems and other head office capital. For the year, the company expects gross margin to be in the low 50’s, due primarily to a rebalancing of the company’s product assortment to meet guest demands, continued investment in the company’s supply chain and operating-and product operations functions to create a product development engine for global business, and also foreign exchange impact from a weaker Canadian dollar. For the full fiscal year 2014, the company is expecting to open up 42 corporate-owned stores, including Australia and the U.K., and up to 10 new ivivva stores.

lululemon athletica inc. Updates Earnings Guidance for the Fourth Quarter Ending February 2, 2014

lululemon athletica inc. updated earnings guidance for the fourth quarter ending February 2, 2014. For the fourth quarter, the company now anticipates that net revenue will be in the range of $513 million to $518 million based on comparable-store sales in the negative low-to-mid single digits on a constant-dollar basis. This compares to the company's previous guidance of net revenue in the range of $535 million to $540 million for the fourth quarter based on flat comparable-store sales on a constant-dollar basis. The company also now expects diluted earnings per share will be in the range of $0.71 to $0.73 for the quarter. The previous EPS guidance for the fourth quarter was a range of $0.78 to $0.80. EPS guidance continues to assume 146.0 million diluted weighted-average shares outstanding and a 30.0% tax rate.

Lululemon Athletica Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended November 3, 2013; Updates Earnings Guidance for the Fourth Quarter and Full Year of Fiscal 2013; Announces Store Openings for the Full Fiscal Year 2013

Lululemon Athletica Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended November 3, 2013. For the quarter, the company reported net revenue of $379.9 million compared to $316.537 million a year ago. Income from operations was $92.336 million compared to $80.611 million a year ago. Income before provision for income taxes was $93.789 million compared to $82.035 million a year ago. Net income attributable to company was of $66.111 million or $0.45 per diluted share compared to $57.316 million or $0.39 per diluted share a year ago. Capital expenditures were $27.9 million, related to new stores, renovations, IT and head office capital compared to $33 million in the third quarter last year. For the nine months, the company reported net revenue of $1,070.195 million compared to $884.869 million a year ago. Income from operations was $237.211 million compared to $223.864 million a year ago. Income before provision for income taxes was $241.460 million compared to $227.364 million a year ago. Net income attributable to company was of $169.855 million or $1.16 per diluted share compared to $161.181 million or $1.11 per diluted share a year ago. Net cash provided by operating activities was $94.806 million compared to $113.240 million a year ago. For the fourth quarter of fiscal 2013, the company expects net revenue to be in the range of $535 million to $540 million based on flat comparable-store sales on a constant-dollar basis. Diluted earnings per share are expected to be in the range of $0.78 to $0.80 for the quarter. This assumes 146.0 million diluted weighted-average shares outstanding and a tax rate of 30.0%. For the full fiscal 2013, the company now expects net revenue to be in the range of $1.605 billion to $1.610 billion and diluted earnings per share are expected to be in the range of $1.94 to $1.96 for the full year. This assumes 146.0 million diluted weighted-average shares outstanding and a tax rate of 30.0%. The company expects capital expenditures to be between $100 million and $105 million, reflecting new store build-outs, renovation capital for existing stores, real estate purchases, including the company's new Ohio distribution center, IT projects and other head office capital, including expansion of the company's existing premises. For the full fiscal year 2013, the company will open 43 net new corporate owned stores, which includes the company's ivivva locations. The company will also open 12 international showrooms this year.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
LULU:US $51.71 USD -1.00

LULU Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Columbia Sportswear Co $81.39 USD -0.31
Deckers Outdoor Corp $76.86 USD -1.45
Fossil Group Inc $109.42 USD +2.92
Kate Spade & Co $33.18 USD -0.02
Under Armour Inc $53.06 USD -0.69
View Industry Companies
 

Industry Analysis

LULU

Industry Average

Valuation LULU Industry Range
Price/Earnings 27.0x
Price/Sales 4.7x
Price/Book 6.9x
Price/Cash Flow 26.9x
TEV/Sales 4.3x
 | 

Post a JobJobs

View all jobs

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact LULULEMON ATHLETICA INC, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.