Lululemon Athletica Inc.(LULU)- NASDAQ
  • Fri, Sep. 9, 9:27 AM
    • A survey from William Blair indicates that teenagers and young adults have increased their visits to malls this year to reverse a multi-year trend.
    • In what may come as a surprise, teens ranked malls above movie theaters, restaurants, and sports clubs/extracurriculars as their most popular place to meet.
    • Despite the depressed levels of overall sales this year for mall retailers, the read on teens could be a possible indicator that the mall model will evolve and survive, instead of disappear.
    • "While overall mall traffic remains challenging, our survey this year noted a material increase in the number of respondents who indicated they are visiting malls more often than last year, perhaps suggesting that malls’ efforts to increase relevancy (through more experiential brands and the addition of attractive entertainment and dining options) are beginning to bear fruit," says Bernstein analyst Sharon Zackfia.
    • Mall retailers: AEO, ANF, ASNA, BKE, BOOT, CATO, CBK, CHS, CTRN, DSW, EXPR, FRAN, GCO, GES, GPS, LB, NWY, PLCE, SCVL, SMRT, SSI, TLYS, URBN, LULU.
    | Fri, Sep. 9, 9:27 AM | 7 Comments
  • Fri, Sep. 2, 12:43 PM
    | Fri, Sep. 2, 12:43 PM
  • Fri, Sep. 2, 12:15 PM
    | Fri, Sep. 2, 12:15 PM | 5 Comments
  • Fri, Sep. 2, 9:23 AM
    • Buy the dip, says Barclays' Matthew McClintock, maintaining his Overweight rating and $85 price target, though cutting his 2016 and 2017 EPS estimates by a nickel each. Revenue growth of 13.6% was healthy; comps rose just 5%, but McClintock figures an online warehouse sale one year ago knocked 2% off this figure. Margin expansion of 260 basis points, however, topped expectations.
    • Wedbush's Morry Brown defends as well, also taking note of that online warehouse sale as causing the comp sales miss. Results show the company's “ability to generate strong comp sales growth despite a challenging external environment...The long promised gross margin inflection has now taken hold, with continued margin gains planned for H2 and into 2017.” He maintains his Overweight rating and lifts the PT to $84 from $82.
    • Promotions and light traffic should hamper the rest of the year, says FBR, maintaining its Underperform rating and $40 price target.
    • Maintaining his Neutral rating and $72 price target, UBS's Michael Binetti notes same-store sales comps are going to be even harder in Q3 and Q4 of this year.
    • LULU -8.15% premarket
    • Previously: Lululemon Athletica EPS in-line, misses on revenue (Sept. 1)
    | Fri, Sep. 2, 9:23 AM | 1 Comment
  • Fri, Sep. 2, 9:15 AM
    | Fri, Sep. 2, 9:15 AM
  • Thu, Sep. 1, 5:36 PM
    • Top gainers, as of 5.25 p.m.: ATEC +12.6%. DB +8.9%. CGI +3.7%. SDRL +3.0%. RIGL +2.9%.
    • Top losers, as of 5.25p.m.: PAY -14.9%. LULU -8.6%. PQ -7.9%. SEAC -4.7%. CCXI -4.5%.
    | Thu, Sep. 1, 5:36 PM | 2 Comments
  • Thu, Sep. 1, 4:52 PM
    • Lululemon (NASDAQ:LULU) reports comparable-store sales rose 3% (+4% on a constant dollar basis) in Q2.
    • Direct to consumer revenue increased 6% to $87.4M or +16% if the impact of an online warehouse sale is backed out..
    • Gross profit rate +260 bps to 49.4% which is called an "inflection point" by CEO Laurent Potedevin.
    • SG&A expenses rate increased 290 bps to 35.0%.
    • Operating income rate decreased 30 bps to 14.4%.
    • Store count +6 Q/Q to 379.
    • Looking ahead, Lululemon expects FY16 revenue of $2.325-$2.35B and EPS of $2.07 to $2.15 vs. $2.05-$2.15 prior.
    • Previously: Lululemon Athletica EPS in-line, misses on revenue (Sept. 1)
    • LULU -8.65%AH to $70.03. Shares haven't been below the $70 mark since late June.
    | Thu, Sep. 1, 4:52 PM
  • Thu, Sep. 1, 4:06 PM
    • Lululemon Athletica (NASDAQ:LULU): Q2 EPS of $0.38 in-line.
    • Revenue of $514.5M (+13.6% Y/Y) misses by $0.97M.
    • Shares -7.4%.
    • Press Release
    | Thu, Sep. 1, 4:06 PM | 20 Comments
  • Wed, Aug. 31, 5:30 PM
    | Wed, Aug. 31, 5:30 PM | 1 Comment
  • Mon, Aug. 29, 8:32 AM
    • Credit Suisse backs a positive view on Lululemon (NASDAQ:LULU) in a fresh note to clients.
    • A channel check from the investment firm indicates strong pricing and normalized inventory.
    • CS rates Lululemon at Outperform with a $76 price target. The PT is below LULU's current share price because Credit Suisse sets more than a one-year time frame on the retailer before its earnings catch up to the lofty multiple.
    | Mon, Aug. 29, 8:32 AM
  • Tue, Aug. 9, 8:42 AM
    • Lululemon (NASDAQ:LULU) discloses the resignation of board member Rhoda Pitcher from the company's board, effective August 3.
    • Pitcher has been the board since 2005.
    • The company says her departure is not tied to an disagreement over policy or strategy. Pitcher has been in the spotlight this summer after a story on TheStreet.com questioned her very existence.
    • SEC Form 8-K
    | Tue, Aug. 9, 8:42 AM
  • Fri, Jul. 29, 9:23 AM
    • Household spending by consumers increased 4.2% in Q2 to mark the best pace for the category since late in 2014.
    • The strong read on consumer spending contrasts with the tightening by businesses amid Brexit fears, F/X pain, and political jitters.
    • Retail ETFs trail broad stock market averages on the year after a May swoon, although most of the damage has been from the mall sector. Companies with a thriving e-commerce business and/or high mix of U.S. sales have held up.
    • Despite the painful headline Q2 GPD miss today, the underlying resiliency shown by consumers could bode well for a variety of retailers such as Amazon (NASDAQ:AMZN), Target (NYSE:TGT), Wal-Mart (NYSE:WMT), Costco (NASDAQ:COST), Kroger (NYSE:KR), Lululemon (NASDAQ:LULU), Dollar General (NYSE:DG), PriceSmart (NASDAQ:PSMT), and Williams-Sonoma (NYSE:WSM) to name a few (add your own ideas in the comments).
    • Retail ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, FXD, IYC, RHS, FDIS, PEJ, FSTA, PSL, SCC, RCD, UCC, PEZ, PMR, PSCC, UGE, PSCD, SZK, BITE, JHMS, IBUY, CNSF, CNDF, JHMC
    | Fri, Jul. 29, 9:23 AM | 10 Comments
  • Thu, Jul. 14, 7:58 AM
    • Wells Fargo backs its positive view on Lululemon (NASDAQ:LULU) after sitting down with the retailer's management team.
    • The investment firm cites an increased level of confidence in key initiatives at Lululemon, including supply chain and merchandising strategy.
    • Shares of LULU are rated at Outperform by Wells and tagged with a price target range of $84 to $86 vs. yesterday's close of $76.81.
    • Lululemon isn't due to report earnings again until early September.
    | Thu, Jul. 14, 7:58 AM
  • Wed, Jun. 8, 2:45 PM
    • Lululemon (LULU +5.4%) investors say what's a penny between friends as the company's Q1 EPS miss is largely ignored. Three quotes that explain the Lululemon rally are below.
    • "What matters is brand demand remains strong, gross margin recovery is on track and inventories are now in line," observes Jefferies analyst Randal Konik about the report.
    • "In terms of the key metrics we were looking for in the quarter, we got everything we wanted and then some," adds Guggenheim's Howard Tubin.
    • "We finished the quarter with our inventory levels rebalanced and on track to achieve our goals for the year," notes Lululemon CEO Laurent Potdevin.
    • Under Armour (UA +3.8%) and Columbia Sportswear (COLM +2.9%) are both higher on the day after the positive read from Lululemon on pricing and promotional activity.
    • Previously: Lululemon Athletica down post Q1 results (June 8)
    • Previously: Lululemon spells out the ABCs of men's fashion strategy (June 8)
    | Wed, Jun. 8, 2:45 PM
  • Wed, Jun. 8, 9:28 AM
    • Lululemon (NASDAQ:LULU) is higher in early action, despite an outlook that came in behind expectations.
    • "In terms of the key metrics we were looking for in the quarter, we got everything we wanted, and then some," notes Guggenheim's Howard Turbin. He points to a strong reaction from consumers to Lululemon's merchandise assortment.
    • Other retail watchers are pointing to the +21% comp in the men's category. Early into the conference call, Lululemon CEO Laurent Potdevin pointed to the firm's ABC technology which gives it an advantage of the men's pants category. On its website, Lululemon isn't shy about spelling out ABC as "anti-ball crushing" fashion designed to allow the "freedom" to move.
    • Previously: Lululemon Athletica misses by $0.01, beats on revenue (June 8)
    • Previously: Lululemon Athletica down post Q1 results (June 8)
    • LULU +2.00% premarket to $69.50 after being in negative territory earlier. Shares are very close to the 52-week high of $69.73.
    | Wed, Jun. 8, 9:28 AM
  • Wed, Jun. 8, 6:30 AM
    • Lululemon (NASDAQ:LULU) reports comparable-store sales rose 3% (+5% on a constant dollar basis) in Q1.
    • Direct to consumer revenue grew 17.6% to $97.6M (+18% on a constant dollar basis).
    • Gross profit rate squeezed 300 bps to 48.3%.
    • SG&A expenses rate increased 410 bps to 36.6%.
    • Operating income rate decreased 450 bps to 11.6%.
    • Inventory expanded 21% Y/Y to $286.23M.
    • Store count +10 Q/Q to 373.
    • Q2 Guidance: Net revenue: $505M to $515M; Total comparable sales: mid-single digits (on a constant dollar basis); Tax rate: 30.2%; Diluted EPS: $0.36 to $0.38; Diluted weighted-average shares outstanding: 137.5M.
    • FY2016 Guidance: Net revenue: $2.305B to $2.345B; Total comparable sales: mid-single digits (on a constant dollar basis); Tax rate: 28.9%; Diluted EPS: $2.08 to $2.18; Normalized EPS: $2.05 to $2.15; Diluted weighted-average shares outstanding: 137.5M.
    • LULU -2.96% premarket.
    | Wed, Jun. 8, 6:30 AM | 9 Comments