Lululemon Athletica Inc. (LULU) - NASDAQ
  • 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
  • Mon, May 16, 10:07 AM
    • Lululemon (LULU -1.2%) is under pressure after Bank of America Merrill Lynch resumes its Underperform rating in a fresh note to investors.
    • BAML sets a price target of $50 which isn't the Street low (FBR $40), but is well off the $80 target seen by Oppenheimer.
    • SA contributor Alpha Investments took the long view on Lululemon last month in an article which highlighted the international expansion potential for the athleisure force.
    • Shares of Lululemon have outperformed the S&P Retail ETF by a wide margin this year with a 15% gain vs. the 5% loss for the broad retail measure.
    | Mon, May 16, 10:07 AM | 1 Comment
  • Fri, Apr. 8, 10:17 AM
    • Apparel stocks are getting hammered after Gap's latest monthly sales dud creates a new ripple of worry.
    • There's a little bit of a failed feedback loop going on in the sector as teenagers/young adults skip mall visits to spend on other categories while sellers try to innovate their way out of the box. That innovation is leading to excess inventory which in turn leads to more painful discounting
    • Decliners include Lululemon (LULU -1.7%), Kate Spade (KATE -1.4%), Deckers Outdoor (DECK -2.5%), Coach (COH -1.6%), Michael Kors (KORS -2.1%), Columbia Sportswear (COLM -1.8%), Carter's (CRI -1.8%), Hanesbrands (HBI -1.3%), Ascena Retail (ASNA -3.9%), Nordstrom (JWN -3.4%), Chico's FAS (CHS -4.2%), Abercrombie & Fitch (ANF -4%), Urban Outfitters (URBN -2.6%), L Brands (LB -3%), Express (EXPR -2.4%), Guess (GES -2.9%), Tailored Brands (TLRD -1.9%) and Zumiez (ZUMZ -2.8%).
    • Now read Sell Your Apparel Stocks 
    | Fri, Apr. 8, 10:17 AM
  • Mon, Apr. 4, 10:47 AM
    • Shares of Lululemon (LULU +1%) are very close to trading in the $70s for the first time in almost year as post-earnings sentiment remains favorable.
    • Earieir today. Morgan Stanely backed its Overweight rating in a fresh note to investors, while JPMorgan raised its prIce target up to $75. The Strett-high PT is $80 from Oppenheimer.
    • Now read Lululemon Athletica: A Strong Mission Can Overcome Adversity
    | Mon, Apr. 4, 10:47 AM | 1 Comment
  • Wed, Mar. 30, 9:30 AM
    • Execs with Lululemon (NASDAQ:LULU) are saying all the right things early into the post-earnings conference call (Q&A still coming).
    • The company says it's placing a sharper focus on digital channels and international expansion. Those investments explain in part the 2016 guidance from the company that came in below expectations.
    • Incremental markdowns helped Lululemon clear inventory in Q4. Looking ahead, management says it's confident inventory and sales level are now in sync. Q1 is expected to be the last period in which inventory overhang will have to be managed.
    • Previously: Lululemon Athletica beats by $0.05, beats on revenue (March 30)
    • Previously: Lululemon solid in Q4, guidance comes in behind expectations (March 30)
    • LULU +7.61% premarket to $65.90 after being in negative territory earlier.
    | Wed, Mar. 30, 9:30 AM | 16 Comments
  • Wed, Mar. 30, 9:21 AM
    | Wed, Mar. 30, 9:21 AM
  • Wed, Mar. 30, 7:12 AM
    • Comparable-store sale rose 11% for Lululemon (NASDAQ:LULU) in Q4 on a constant dollar basis.
    • Direct to consumer revenue was up 28% to $146.3M during the quarter to represent 21% of total sales.
    • The company's gross profit rate fell back 120 bps Y/Y to 50.3%. The operating income rate was down 250 bps to 23.6%.
    • Guidance for Q1 is set at an expectation for revenue of $483M to $488M vs. $485.2M consensus and EPS of $0.28 to $0.30 vs $0.37 consensus. For the full year, Lululemom sees $2.285M to $2.445M in sales vs. $2.33B consensus and EPS of $2.05 to $2.15 vs. $2.15 consensus.
    • LUILU +2.87% premarket to $63.00. The conference call explanation from management on the EPS guidance could be key to the trading direction for Lululemon today.
    • Previously: Lululemon Athletica beats by $0.05, beats on revenue (March 30)
    | Wed, Mar. 30, 7:12 AM | 1 Comment
  • Wed, Mar. 23, 12:25 PM
    • Nike last night beat on the bottom line, but revenues were shy of estimates, and guidance was below expectations. The company expects mid-single digit revenue growth this year vs. hopes for something closer to 9%.
    • Headed higher into the report, Foot Locker (FL -4.9%) and Finish Line (FINL -3.3%) are giving back those gains and more.
    • For good measure, Under Armour (UA -1.3%) is also under pressure, though Lululemon (LULU +0.2%) is carving out a small gain. The team at Oppenheimer prefers Lululemon to Under Armour ahead of LULU's results on March 30, particularly thanks to the stock's relatively low valuation.
    | Wed, Mar. 23, 12:25 PM | 3 Comments
  • Fri, Feb. 19, 11:53 AM
    • The apparel sector is on shaky ground after weak earnings reports from VF Corp. and Nordstrom set the tone.
    • Weather and F/X dinged VF Corp. more than expected, while Nordstrom was whacked by promotions and a higher mix of e-commerce.
    • Notable decliners include Carter's (CRI -3.9%), PVh Corp. (PVH -2.7%), Kate Spade (KATE -2.8%), Gildan Activewear (GIL -2.1%), Hanesbrands (HBI -3.5%), Gap (GPS -1.1%), Lululemon (LULU -1.1%), Urban Outfitters (URBN -2%), Genesco (GCO -2%), and Sequential Brands Group (SQBG -1.1%).
    | Fri, Feb. 19, 11:53 AM
  • Mon, Feb. 8, 2:57 PM
    • Momentum favorites Chipotle (CMG -4.2%), Under Armour (UA -8.8%), Lululemon (LULU -6.5%), and Tesla Motors (TSLA -9.1%) are getting bashed again as investors decrease their risk tolerance.
    • The blended loss for the four CULT stocks is steeper than what the FANG stocks are peeling off on the day.
    • Aside from investor anxiety, Chipotle took a long lunch break today, while Tesla is reeling from analyst resets.
    • Previously: Is it time for Tesla Motors to take on a strategic partner? (Feb. 08 2016)
    • Previously: Chipotle's lunch break begins (Feb. 08 2016)
    | Mon, Feb. 8, 2:57 PM | 48 Comments
  • Tue, Feb. 2, 10:21 AM
    | Tue, Feb. 2, 10:21 AM
  • Tue, Jan. 12, 9:15 AM
    | Tue, Jan. 12, 9:15 AM
  • Tue, Jan. 12, 9:06 AM
    • Lululemon (NASDAQ:LULU) is on the radar of analysts after hiking guidance and with the company due to present at the ICR Conference.
    • Cowen ups it price target to $66 from $52 on its confidence the company will hit margin guidance.
    • BB&T Capital keeps its EPS estimate above the consensus mark. The PT on the retailer goes to $63 from $60.
    • Jefferies is also a believer on the "convincing" signs that Lululemon will recover. The firm thinks investor will allow earnings multiple to expand again. A PT of $71 is set.
    • Previously: Lululemon hikes FQ4 guidance; shares +6.6% (Jan. 11 2016)
    • LULU +9.06% premarket to $59.69.
    | Tue, Jan. 12, 9:06 AM | 7 Comments
  • Mon, Jan. 11, 5:38 PM
    | Mon, Jan. 11, 5:38 PM
  • Mon, Jan. 11, 4:19 PM
    • Lululemon (NASDAQ:LULU) now expects FQ4 revenue of $690M-$695M (+15% Y/Y) and EPS of $0.78-$0.78. That's up from prior guidance of $$670M-$685M and $0.75-$0.78, and almost entirely above a consensus of $678.3M and $0.78. Comparable sales are expected to be up by a high-single digit % in constant currency, better than prior guidance for mid-single digit growth.
    • CEO Laurent Potdevin: "We had a very successful holiday season driven by strong execution in stores and online during the key holiday weeks. Sales for the fourth quarter are exceeding expectations and gross margin rates and expenses remain in line with prior guidance."
    • The guidance hike comes ahead of a Tuesday ICR Conference presentation. Lululemon's shares have risen to $58.35 after hours.
    | Mon, Jan. 11, 4:19 PM | 12 Comments
  • Mon, Jan. 4, 8:51 AM
    • Lululemon (NASDAQ:LULU) is upgraded by Jefferies to Buy from Hold. The investment firm thinks Lululemon's fundamentals have strengthened.
    • Wells Fargo is also optimistic on the apparel seller, moving to an Outperform stance after having LULU set at Market Perform.
    • The Wall Street scorecard on Lululemon now shows 24 Buy ratings, 6 Hold ratings, and 3 bear calls.
    • LULU +0.44% premarket to $52.70 amid broad market weakness.
    | Mon, Jan. 4, 8:51 AM | 1 Comment
Company Description
Lululemon Athletica, Inc. designs and retails athletic apparels primarily in North America and Australia. It offers a comprehensive line of apparel and accessories, including fitness pants, shorts, tops and jackets designed for athletic pursuits such as yoga, running and general fitness. The... More
Industry: Textile - Apparel Clothing
Country: Canada