Welcome to our dedicated page for Lululemon news (Ticker: LULU), a resource for investors and traders seeking the latest updates and insights on Lululemon stock.
Lululemon Athletica (LULU) is a global leader in technical athletic apparel, renowned for innovation in yoga and performance wear. This page aggregates official news releases and verified updates, providing stakeholders with timely insights into corporate developments.
Investors and analysts will find curated financial announcements, including quarterly earnings, strategic partnerships, and operational milestones. Track product launches, sustainability initiatives, and retail expansions alongside market-moving disclosures.
All content is organized for quick scanning while maintaining journalistic rigor. Key categories include corporate governance updates, supply chain developments, and consumer trend responses. Bookmark this page for direct access to unfiltered information from Lululemon's investor relations team and authorized news sources.
lululemon athletica (NASDAQ:LULU) announced its Q1 Fiscal 2024 results, showcasing a 10% revenue increase to $2.2 billion and a 7% rise in comparable sales on a constant dollar basis.
International revenue surged by 40% on a constant dollar basis, while U.S. sales remained flat. Gross profit rose 11% to $1.3 billion, though operating margin dipped by 50 basis points to 19.6%.
Diluted EPS climbed to $2.54 from $2.28 in the previous year. The company ended the quarter with $1.9 billion in cash and a 15% reduction in inventories. The board authorized a $1 billion increase in its stock repurchase program, totaling $1.7 billion in repurchase capacity.
For Q2 2024, revenue is forecasted to reach $2.4-$2.42 billion with EPS between $2.92-$2.97. Yearly revenue guidance is set at $10.7-$10.8 billion with a projected EPS of $14.27-$14.47.
lululemon athletica (NASDAQ: LULU) announced the release of its first quarter fiscal 2024 financial results on June 5, 2024. The results will be discussed in a conference call at 4:30 p.m. ET the same day. Interested parties can join the call by dialing (844) 763-8274 or (647) 484-8814 for international calls. A live webcast and a replay will be available on the company's investor relations website approximately 2 hours after the call.
lululemon athletica announced a revised organizational structure aimed at enhancing product innovation and go-to-market strategies. Chief Product Officer Sun Choe will depart this month. Jonathan Cheung, Global Creative Director, will lead product design and innovation, reporting to CEO Calvin McDonald. Nikki Neuburger will assume the new role of Chief Brand & Product Activation Officer, overseeing Merchandising, Footwear, and Product Operations. Elizabeth Binder, Chief Merchandising Officer, will report to Neuburger. These changes aim to support lululemon's near- and long-term growth plans. The company will release its Q1 2024 financial results on June 5.
Life Time (NYSE: LTH) and lululemon (NASDAQ: LULU) have announced a new partnership naming lululemon as an official apparel partner of Life Time pickleball and tennis. The collaboration aims to elevate racquet sports with lululemon's athletic apparel at Life Time facilities across the country. The partnership was launched on May 4th at a major pickleball event at Life Time PENN 1, featuring seven street-level pickleball courts. Both brands strive to promote healthy lifestyles and community wellbeing through this collaboration.
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