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.
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.
lululemon athletica inc. (NASDAQ: LULU) will release its financial results for the first quarter of fiscal 2021 on June 3, 2021. A conference call to discuss these results will take place at 4:30 p.m. Eastern time. Participants can join the call by dialing (800) 319-4610 or (604) 638-5340 for international calls. Additionally, a live webcast of the call will be available online, with a replay accessible two hours post-call for 30 days. The company is known for its innovative athletic apparel aimed at enhancing healthy lifestyles.
lululemon athletica inc. (NASDAQ:LULU) reported a 24% increase in fourth-quarter net revenue, reaching $1.7 billion, with a 21% rise in comparable sales. Direct-to-consumer revenue surged 94%, representing 52% of total net revenue. Despite a 34% decrease in company-operated store revenue for the year, total revenue for fiscal 2020 increased 11% to $4.4 billion. Diluted earnings per share rose to $2.52 for the fourth quarter. The company forecasted fiscal 2021 net revenue between $5.550 billion to $5.650 billion.
lululemon athletica inc. (NASDAQ: LULU) will release its financial results for Q4 and full-year fiscal 2020 on March 30, 2021. A conference call will follow at 4:30 PM Eastern Time to discuss the results. Interested participants can join by dialing (800) 319-4610 or (604) 638-5340 for international calls. A live webcast is available at investor.lululemon.com, with a replay accessible online for 30 days post-call. This announcement highlights lululemon's commitment to transparency and investor engagement.
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