Lululemon Stock Price, News & Analysis

lululemon athletica (NASDAQ:LULU) has launched the Centre for Social Impact, committing $75 million USD to enhance equitable wellbeing by 2025. The initial $5 million USD will support grassroots organizations and global partnerships, aiming to impact over 10 million people. This initiative aligns with the company's existing programs, including funding from the Here to Be grant program. The Centre will consolidate lululemon's wellbeing efforts, focusing on mental health, education for girls, and aid for LGBTQ youth.

lululemon athletica has announced the launch of MIRROR, an interactive home gym, in nearly 40 stores across Canada, starting on November 22. This expansion increases MIRROR's presence to almost 200 locations in North America. Customers can engage with MIRROR's digital content and community, enhancing lululemon's commitment to community connection. The platform offers live classes and a variety of on-demand workouts, catering to all fitness levels. MIRROR was acquired by lululemon in July 2020.

lululemon has been named the Official Outfitter for Team Canada, a multi-year deal starting with the 2022 Olympic and Paralympic Winter Games, extending to the 2028 Los Angeles Games.

As part of this partnership, lululemon will design uniforms for athletes, coaches, and Mission Team members, providing apparel for key events. The brand is also launching the Future Legacy Bag, with 10% of sales supporting both the Canadian Olympic and Paralympic Foundations. This collaboration emphasizes lululemon's commitment to high-performance sportswear and values of inclusion.

On September 15, 2021, lululemon athletica (NASDAQ:LULU) signed a virtual power purchase agreement (VPPA) with Enel Green Power North America. This agreement aims to source 100% renewable electricity for lululemon's North American operations, including stores, offices, and warehouses. Under the VPPA, lululemon will purchase electricity from Enel's Azure Sky Wind project in Texas, comprising 15 MW of renewable energy. This initiative aligns with lululemon's sustainability goals, including its RE100 commitment to 100% renewable energy by 2021 and advancing its Impact Agenda.

lululemon athletica inc. reported a 61% increase in revenue for Q2 2021, reaching $1.5 billion, with diluted EPS of $1.59 and adjusted EPS of $1.65. The strong results stemmed from a 142% surge in company-operated stores revenue and 63% growth in North America. Gross profit rose 72% to $842.7 million, with a gross margin of 58.1%. The company anticipates Q3 net revenue between $1.400 billion and $1.430 billion and full-year revenue of $6.190 billion to $6.260 billion.

lululemon athletica (NASDAQ:LULU) has announced an initiative to raise the minimum base pay for most of its store and Guest Education Centre employees in North America, effective September 27, 2021. Employees will receive a new minimum of $15 or $17 per hour based on their role and market conditions, alongside potential bonuses. The company plans to hire over 8,000 new team members for the holiday season. This reflects lululemon's commitment to supporting its employees with comprehensive benefits, including paid time off, mental health support, and various professional development programs.

lululemon athletica inc. (NASDAQ: LULU) announced that it will release its second quarter fiscal 2021 financial results on September 8, 2021, followed by a conference call at 4:30 p.m. Eastern time to discuss the results. Investors can participate by calling (800) 319-4610 or (604) 638-5340 internationally. A live webcast will also be available online, with a replay for 30 days post-call. lululemon continues to focus on creating transformational athletic apparel for various physical activities.

lululemon athletica (NASDAQ:LULU) has announced a multi-year partnership with Genomatica to integrate sustainable, bio-based nylon into its products. This marks lululemon's first equity investment in a sustainable materials firm and Genomatica's largest retail partnership. By utilizing biotechnology, the collaboration aims to revolutionize the $22 billion nylon market and significantly reduce environmental impact. The partnership aligns with lululemon's 2030 Impact Agenda, focusing on achieving 100% sustainable materials. Key leaders from both companies emphasize the importance of this initiative for climate change and consumer demand for eco-friendly products.

lululemon athletica inc. (NASDAQ:LULU) reported strong financial results for Q1 2021, with net revenue soaring 88% to $1.2 billion. Direct to consumer revenue rose by 55%, representing 44.4% of total sales. Gross profit increased 109% to $700.3 million, pushing gross margin to 57.1%. Operating income surged 492% to $193.8 million, while diluted EPS rose to $1.11. For Q2 2021, lululemon expects revenue between $1.300 billion and $1.330 billion, with EPS projected at $1.05 to $1.10. The company ended the quarter with $1.2 billion in cash.