Lululemon Stock Price, News & Analysis

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.

lululemon athletica has appointed Michael Aragon as CEO of MIRROR and lululemon Digital Fitness, effective January 17, 2022. Mr. Aragon will lead the expansion of the MIRROR platform, which boasts a growing subscriber base. Formerly the Chief Content Officer at Twitch, he significantly increased creator engagement and viewership. Aragon aims to enhance lululemon's digital fitness community by leveraging his expertise. This strategic move is expected to strengthen lululemon's position in the fitness market.

lululemon athletica inc. (NASDAQ:LULU) reported a 30% increase in revenue, reaching $1.5 billion for Q3 2021. Diluted EPS rose to $1.44 from $1.10 year-over-year. Notably, gross profit increased 32% to $829.4 million.

International revenue grew 40%, and comparable sales jumped 27%. Direct-to-consumer sales contributed 40.4% of total revenue. The company anticipates Q4 revenue between $2.125 billion and $2.165 billion, with projected diluted EPS ranging from $3.24 to $3.31.

lululemon athletica inc. (NASDAQ: LULU) announced the release of its third-quarter fiscal 2021 financial results on December 9, 2021, followed by a conference call at 4:30 p.m. Eastern time. The call will be accessible via dial-in or a live webcast on their investor relations page. A replay will be available for 30 days post-call. The company is recognized for its innovative athletic apparel aimed at enhancing the yoga, running, and training experiences, continuously engaging with athletes for feedback on product development.

lululemon athletica (NASDAQ:LULU) has launched the Centre for Social Impact, committing $75 million USD to enhance equitable wellbeing by 2025. The initial $5 million USD will support grassroots organizations and global partnerships, aiming to impact over 10 million people. This initiative aligns with the company's existing programs, including funding from the Here to Be grant program. The Centre will consolidate lululemon's wellbeing efforts, focusing on mental health, education for girls, and aid for LGBTQ youth.

lululemon athletica has announced the launch of MIRROR, an interactive home gym, in nearly 40 stores across Canada, starting on November 22. This expansion increases MIRROR's presence to almost 200 locations in North America. Customers can engage with MIRROR's digital content and community, enhancing lululemon's commitment to community connection. The platform offers live classes and a variety of on-demand workouts, catering to all fitness levels. MIRROR was acquired by lululemon in July 2020.

lululemon has been named the Official Outfitter for Team Canada, a multi-year deal starting with the 2022 Olympic and Paralympic Winter Games, extending to the 2028 Los Angeles Games.

As part of this partnership, lululemon will design uniforms for athletes, coaches, and Mission Team members, providing apparel for key events. The brand is also launching the Future Legacy Bag, with 10% of sales supporting both the Canadian Olympic and Paralympic Foundations. This collaboration emphasizes lululemon's commitment to high-performance sportswear and values of inclusion.

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.