Lululemon - LULU STOCK NEWS

lululemon athletica inc. (NASDAQ:LULU) reported a 19% increase in revenue to $2.2 billion in the third quarter of fiscal 2023. Comparable sales increased by 13%, or 14% on a constant dollar basis. GAAP EPS was $1.96, with adjusted EPS of $2.53. The company's net revenue increased 12% in North America and 49% internationally. Direct to consumer net revenue represented 41% of total net revenue, with a gross margin of 57.0%. The company opened 14 net new company-operated stores during the quarter, ending with 686 stores. The board of directors approved a stock repurchase program for up to $1.0 billion of the Company's common shares. For the fourth quarter of 2023, the Company expects net revenue to be in the range of $3.135 billion to $3.170 billion, representing growth of 13% to 14%. Diluted earnings per share are expected to be in the range of $4.85 to $4.93 for the quarter. For 2023, the Company expects net revenue to be in the range of $9.549 billion to $9.584 billion, representing growth of 18%. Diluted earnings per share are expected to be in the range of $11.77 to $11.85 for the year, and excluding certain inventory provisions, asset impairments, and restructuring costs recognized in relation to lululemon Studio, and their related tax effects, adjusted diluted earnings per share are expected to be in the range of $12.34 to $12.42.

lululemon athletica inc. (LULU) will release its third quarter fiscal 2023 financial results on December 7, 2023. The company will host a conference call at 4:30 p.m. Eastern time to discuss the financial results. Participants can join the call by dialing (800) 319-4610 (U.S./Canada) or (604) 638-5340 (international) and can also access a live webcast of the conference call online. A replay will be available online for 30 days following the live call.

lululemon and Xponential Fitness announce their ongoing retail partnership. lululemon will no longer provide all partner content on lululemon Studio after October 31, 2023, but they will continue to partner with Xponential Fitness and their local studios worldwide.

lululemon and Peloton announce a five-year strategic global partnership. Peloton becomes the exclusive digital fitness content provider for lululemon, and lululemon becomes the primary athletic apparel partner to Peloton. Co-branded apparel will be available for purchase starting October 11, 2023. Beginning November 1, 2023, lululemon Studio All-Access Members will have access to thousands of Peloton classes for the same price they pay today. lululemon intends to discontinue selling the lululemon Studio Mirror before the end of the year.

lululemon releases third annual Global Wellbeing Report, revealing stagnant worldwide state of wellbeing

lululemon appoints Shane Grant to its Board of Directors, effective November 1, 2023.

lululemon athletica reports strong Q2 results with an 18% increase in revenue to $2.2 billion. Comparable sales also increased 11%. Diluted EPS was $2.68.

lululemon athletica inc. (NASDAQ: LULU) will release its financial results for the second quarter fiscal 2023 on Thursday, August 31, 2023. A conference call will be held at 4:30 p.m. Eastern time to discuss the results. Participants can join the call by dialing (800) 319-4610 (U.S./Canada) or (604) 638-5340 (international). A live webcast of the call will be available on the company's website. A replay will be available online for 30 days.

lululemon (NASDAQ:LULU) announced the creation of a Mental Wellbeing Global Advisory Board to improve mental wellbeing outcomes for employees and communities. The Board will provide expert knowledge and feedback on initiatives, the Annual Global Wellbeing Report, and employee offerings. The Board is chaired by lululemon’s global senior leadership team, Susan Gelinas and Nikki Neuburger.