Lululemon Athletica inc. - LULU STOCK NEWS

lululemon athletica inc. (NASDAQ:LULU) reported strong financial results for the fourth quarter and fiscal year ended January 28, 2024. Fourth-quarter revenue increased by 16% to $3.2 billion, with diluted EPS of $5.29. Full-year revenue grew by 19% to $9.6 billion, with diluted EPS of $12.20 and adjusted EPS of $12.77. The Company saw growth in net revenue, gross profit, and income from operations, with positive trends in Americas and International markets. The Company's 2023 results highlight its resilience and growth potential.

lululemon athletica inc. (LULU) appoints Teri List, an experienced business leader, to its Board of Directors. Teri's background in finance and extensive board experience will benefit lululemon's global growth.

Lululemon athletica inc. (NASDAQ: LULU) will release its financial results for the fourth quarter and full year fiscal 2023 on March 21, 2024. A conference call will be held to discuss the results, with a live webcast available online. Participants can join by phone or webcast.

lululemon unveils new products developed with female athletes for a women's ultramarathon, featuring innovative running gear and accessories. The brand aims to support women in athletics and close gender gaps through its FURTHER initiative.

lululemon (NASDAQ:LULU) has revealed its 2024 spring and summer footwear collection, including the brand’s first men’s collection. The cityverse sneaker will launch on February 13, and the beyondfeel running shoe will launch on March 19. The collection will be available in both men’s and women’s styles, online and in select stores across North America, Europe, and China Mainland. The brand aims to provide versatile gear with a focus on fit and feel, emphasizing extensive research and wear-testing to ensure a perfect fit for all. The collection also includes the beyondfeel trail running shoe, with plans for additional footwear innovations throughout the year.

lululemon athletica inc. (NASDAQ:LULU) expects a 14% to 15% increase in net revenue for the fourth quarter of fiscal 2023, with a range of $3.170 billion to $3.190 billion. Diluted earnings per share are expected to be in the range of $4.96 to $5.00. Gross margin is expected to be in the range of 58.6% to 58.7%. The company's performance during the holiday season has been strong, leading to an increase in guidance for the fourth quarter.

lululemon athletica inc. (NASDAQ:LULU) reported a 19% increase in revenue to $2.2 billion in the third quarter of fiscal 2023. Comparable sales increased by 13%, or 14% on a constant dollar basis. GAAP EPS was $1.96, with adjusted EPS of $2.53. The company's net revenue increased 12% in North America and 49% internationally. Direct to consumer net revenue represented 41% of total net revenue, with a gross margin of 57.0%. The company opened 14 net new company-operated stores during the quarter, ending with 686 stores. The board of directors approved a stock repurchase program for up to $1.0 billion of the Company's common shares. For the fourth quarter of 2023, the Company expects net revenue to be in the range of $3.135 billion to $3.170 billion, representing growth of 13% to 14%. Diluted earnings per share are expected to be in the range of $4.85 to $4.93 for the quarter. For 2023, the Company expects net revenue to be in the range of $9.549 billion to $9.584 billion, representing growth of 18%. Diluted earnings per share are expected to be in the range of $11.77 to $11.85 for the year, and excluding certain inventory provisions, asset impairments, and restructuring costs recognized in relation to lululemon Studio, and their related tax effects, adjusted diluted earnings per share are expected to be in the range of $12.34 to $12.42.

lululemon athletica inc. (LULU) will release its third quarter fiscal 2023 financial results on December 7, 2023. The company will host a conference call at 4:30 p.m. Eastern time to discuss the financial results. Participants can join the call by dialing (800) 319-4610 (U.S./Canada) or (604) 638-5340 (international) and can also access a live webcast of the conference call online. A replay will be available online for 30 days following the live call.

lululemon and Xponential Fitness announce their ongoing retail partnership. lululemon will no longer provide all partner content on lululemon Studio after October 31, 2023, but they will continue to partner with Xponential Fitness and their local studios worldwide.