Lululemon Stock Price, News & Analysis

lululemon athletica is on track to achieve its 2023 revenue and earnings growth targets ahead of schedule, announcing its new Power of Three ×2 growth strategy. The plan aims to double 2021 revenues of $6.25 billion to $12.5 billion by 2026, focusing on product innovation, guest experience, and market expansion. Key goals include doubling men’s and digital revenues and quadrupling international revenues. The company anticipates a total net revenue CAGR of 15% from 2021 to 2026.

lululemon athletica inc. (NASDAQ: LULU) has announced an analyst day on April 20, 2022, in New York City, featuring presentations from CEO Calvin McDonald and the senior leadership team. The event will unveil a new five-year growth strategy. In-person attendance is limited to invited guests, but the presentations will be streamed live starting at 9:00 AM ET. Interested individuals can access the stream via the company's website. A replay will be available after the event.

lululemon athletica inc. (NASDAQ:LULU) reported a strong fourth quarter with revenue increasing 23% to $2.1 billion and comparable sales up 22%. Diluted EPS rose to $3.36, while adjusted EPS was $3.37. For the full fiscal year, net revenue surged 42% to $6.3 billion. The company successfully achieved its Power of Three growth target ahead of schedule and plans to continue this momentum into 2022, projecting first quarter revenue between $1.525 billion and $1.550 billion and fiscal year revenue between $7.490 billion and $7.615 billion.

lululemon athletica inc. (NASDAQ: LULU) will announce its fourth quarter and full year fiscal 2021 financial results on March 29, 2022. The company will hold a conference call at 4:30 p.m. Eastern time to discuss these results. Investors can join the call by dialing (800) 319-4610 or (604) 638-5340 internationally. A live webcast will be available online, and a replay will be accessible for 30 days afterward.

For details, visit lululemon's investor relations page.

lululemon athletica (NASDAQ:LULU) officially enters the footwear market by launching its first ever women's running shoe, Blissfeel, on March 22. This release marks a significant step in the brand's evolution, capitalizing on over 20 years of apparel innovation. Additionally, three other styles will follow: Chargefeel, Restfeel, and Strongfeel. A men's footwear line is expected in 2023. The company's focus on addressing women's specific needs in performance footwear is highlighted as a key differentiator.

lululemon athletica (NASDAQ:LULU) has released its second annual Global Wellbeing Report, reflecting a commitment to holistic wellbeing. The Global Wellbeing Index improved by one percentage point to 66, highlighting enhanced mental health through better coping strategies. Key insights reveal that mental wellbeing is improving, but social wellbeing lags behind. Gen Z faces significant challenges, with only 21% reporting strong wellbeing. The report emphasizes the necessity for community support, mindful social media use, and a return to the workplace for higher overall wellbeing.

lululemon athletica has appointed Alison Loehnis, former President of Luxury and Fashion at Yoox Net-a-Porter, to its Board of Directors, effective immediately. Glenn Murphy, Chairman of the Board, emphasized Loehnis's track record in driving growth and her insights on consumer trends. Loehnis expressed her excitement to join lululemon, noting her long-standing admiration for the brand's innovative products. With a diverse background in luxury fashion, she is expected to provide valuable perspectives as the company continues its global expansion.

lululemon athletica (NASDAQ:LULU) has adjusted its fourth quarter 2021 revenue expectations, now anticipating net revenue between $2.125 billion and $2.165 billion. The company also estimates diluted earnings per share (EPS) between $3.24 and $3.31, alongside adjusted EPS expectations of $3.25 to $3.32. CEO Calvin McDonald acknowledged the impact of the Omicron variant on operations, citing capacity constraints and limited staff availability, but expressed optimism about the company's future.