lululemon athletica inc. reports news on its technical performance apparel, footwear, accessories, and omnichannel retail business. Company updates commonly address financial results, product assortments for yoga, running, training, tennis, golf, and everyday movement, digital commerce initiatives, and international retail activity.
Recent coverage also includes governance and leadership developments, including board refreshment, executive succession, shareholder letters, and proxy-related communications. News about LULU frequently connects brand positioning, full-price sales, North America performance, international growth, and guest experience initiatives to the company’s broader athletic apparel strategy.
lululemon athletica (NASDAQ: LULU) has scheduled its third quarter fiscal 2024 earnings conference call for Thursday, December 5, 2024, at 4:30 p.m. Eastern time. Participants can join via phone by dialing (844) 763-8274 domestically or (647) 484-8814 internationally. A live webcast will be available on the company's investor relations website, with a replay accessible approximately 2 hours after the live call.
lululemon's 2024 Global Wellbeing Report reveals a paradoxical trend: the intense pursuit of wellbeing is causing stress. Key findings include:
- 89% of people are taking more action to improve wellbeing compared to last year
- Nearly two-thirds struggle with societal pressure to support wellbeing
- Almost half experience "wellbeing burnout"
- Wellbeing Index Scores have remained stagnant globally over four years
The report suggests three strategies to overcome burnout: quieting the noise, doing what feels good, and inviting others on the journey. Notably, moving with others can improve overall wellbeing by 16%.
In response, lululemon announced a $3.1M USD commitment to mental health organizations and plans to host free movement-based community activations globally from October 7-12, 2024.
lululemon athletica (NASDAQ:LULU) reported strong Q2 fiscal 2024 results, with revenue increasing 7% to $2.4 billion and comparable sales up 2% (3% on a constant dollar basis). Diluted EPS rose to $3.15, up from $2.68 in Q2 2023. The company saw significant growth in its international business, with revenue up 29% and comparable sales increasing 19%. However, the Americas segment showed slower growth, with revenue up only 1% and comparable sales decreasing 3%.
Gross profit increased 9% to $1.4 billion, with gross margin expanding 80 basis points to 59.6%. The company opened 10 net new stores, ending the quarter with 721 locations. For Q3 2024, lululemon expects revenue between $2.340-$2.365 billion and EPS of $2.68-$2.73. The full-year 2024 outlook projects revenue of $10.375-$10.475 billion and EPS of $13.95-$14.15.
lululemon athletica (NASDAQ: LULU) has announced its upcoming second quarter fiscal 2024 earnings conference call, scheduled for Thursday, August 29, 2024. The company will release its financial results and host a conference call at 4:30 p.m. Eastern time to discuss the outcomes. Interested participants can join the call by dialing (844) 763-8274 or (647) 484-8814 for international callers, approximately 10 minutes before the start time. A live webcast of the conference call will be available on the company's investor relations website, with a replay accessible online about 2 hours after the live call concludes.
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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