Key Developments: Lululemon Athletica Inc (LULU.O)
64.89USD
19 Jun 2013
$-0.53 (-0.81%)
$65.42
$65.64
$65.67
$64.80
2,717,856
3,599,870
$82.50
$52.20
Latest Key Developments (Source: Significant Developments)
Holzer Holzer & Fistel, LLC Announces Investigation into lululemon athletica inc
Holzer Holzer & Fistel, LLC announced that it is investigating whether lululemon athletica inc and/or certain of its officers complied with the federal securities laws when making statements to investors between March 21, 2013 and June 10, 2013. Specifically, the investigation focuses on statements issued by Lululemon regarding, among other things, quality controls for its products following the Company`s announcement that it was recalling certain Luon pants on March 18, 2013. Full Article
lululemon athletica inc Issues Q2 2013 Guidance; EPS Guidance Above Analysts' Estimates; Comments On Q2 2013 Comparable Store Sales Guidance; Raises FY 2013 Guidance; Announces Management Changes
lululemon athletica inc announced that for the second quarter of 2013, it expects net revenue to be in the range of $340 million to $345 million based on a comparable-store sales percentage increase of 5% to 7% on a constant-dollar basis. Diluted earnings per share are expected to be in the range of $0.33 to $0.35. For fiscal 2013, it expects net revenue to be in the range of $1.645 billion to $1.665 billion and diluted earnings per share are expected to be in the range of $1.96 to $2.01. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $341 million and EPS of $0.30 for the second quarter of 2013; revenue of $1.643 billion and EPS of $1.99 for fiscal 2013. lululemon also announced that after a five and half year tenure Christine Day will step down as the Company`s Chief Executive Officer when a successor is named. The Board has formed a search committee and enacted its CEO succession plan. Full Article
lululemon athletica inc Issues Q2 2013 Guidance; EPS Guidance Above Analysts' Estimates; Comments On Q2 2013 Comparable Store Sales Guidance; Raises FY 2013 Guidance
lululemon athletica inc announced that for the second quarter of 2013, it expects net revenue to be in the range of $340 million to $345 million based on a comparable-store sales percentage increase of 5% to 7% on a constant-dollar basis. Diluted earnings per share are expected to be in the range of $0.33 to $0.35. For fiscal 2013, it expects net revenue to be in the range of $1.645 billion to $1.665 billion and diluted earnings per share are expected to be in the range of $1.96 to $2.01. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $341 million and EPS of $0.30 for the second quarter of 2013; revenue of $1.643 billion and EPS of $1.99 for fiscal 2013. Full Article
Pension Fund Shareholder Sues Lululemon Athletica Inc Over Executive Bonus Changes-Reuters
Reuters reported that lululemon Athletica Inc was sued by a pension fund shareholder, that wants to know if the board of directors wasted corporate assets by increasing potential bonuses for executives on the eve of a recall of yogawear that could cost the Company millions of dollars. Lululemon did not immediately respond to a request for comment. The lawsuit was filed in the Court of Chancery in Delaware, where Vancouver-based Lululemon is incorporated. Full Article
lululemon athletica inc Issues Q1, FY 2013 Guidance Below Analysts' Estimates; Comments On Q1 2013 Comparable Same Store Sales Guidance
lululemon athletica inc announced that for first quarter of 2013, it expects net revenue to be in the range of $333 million to $343 million based on a comparable-store sales percentage increase between 5% and 8% on a constant-dollar basis. Diluted earnings per share (EPS) are expected to be in the range of $0.28 to $0.30. The guidance reflects current expectations of the impact from the black Luon issue, including lost revenue in the range of $12 million to $17 million, additional costs expected to be incurred and the write down of affected product on hand and expected to be received during the first half of 2013, resulting in a negative impact on EPS of $0.11 to $0.12. For fiscal 2013, it expects net revenue to be in the range of $1.615 billion to $1.640 billion and diluted earnings per share to be in the range of $1.95 to $1.99. The guidance reflects current expectations of the impact from the black Luon issue, including lost revenue in the range of $57 million to $67 million, additional costs expected to be incurred and the write down of affected product on hand and expected to be received during the first half of 2013, resulting in a negative impact on EPS of $0.25 to $0.27. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $345 million and EPS of $0.45 for first quarter of 2013; revenue of $1.67 billion and EPS of $2.17 for fiscal 2013. Full Article
lululemon athletica inc Sees Q4 2012 Revenue Guidance At High End Of Prior Range; Raises Q4 2012 EPS Guidance; Comments On Q4 2012 Comparable Store Sales
lululemon athletica inc announced that for the fourth quarter of 2012, it expects net revenue to be at the high end of its original guidance range of $475 million to $480 million based on a comparable store sales percentage increase in the high single digits on a constant dollar basis. The Company also now expects diluted earnings per share will be $0.74 for the quarter. The previous guidance for the fourth quarter was a range of 0.71 to $0.73. EPS guidance continues to assume 145.9 million diluted weighted average shares outstanding and a 29.4% tax rate. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $0.74 for the fourth quarter of 2012. Full Article
lululemon athletica inc Issues Q4 2012 Guidance Below Analysts' Estimates; Comments On Q4 2012 Comparable Store Sales Guidance; Raises FY 2012 Guidance
lululemon athletica inc announced that for the fourth quarter of 2012, it expects net revenue in the range of $475-$480 million based on a comparable-store sales percentage increase in the high single digits on a constant-dollar basis and diluted earnings per share (EPS) in the range of $0.71-$0.73. For fiscal 2012, it expects revenue in the range of $1.360-$1.365 billion and diluted earnings per share in the range of $1.81-$1.83. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $486 million and EPS of $0.75 for the fourth quarter of 2012, revenue of $1.359 billion and EPS of $1.83 for fiscal 2012. Full Article
lululemon athletica inc's lululemon athletica canada, PVH Corp's Calvin Klein, Inc And G-III Apparel Group, Ltd. Reached Settlement Agreement In Design Patent Litigation
lululemon athletica canada inc., a subsidiary of lululemon athletica inc., Calvin Klein, Inc., a wholly owned subsidiary of PVH Corp., and G-III Apparel Group, Ltd., a Calvin Klein, Inc. licensee for Calvin Klein Performance announced that they have entered into a settlement agreement that will resolve the pending design patent litigation related to certain yoga pant designs. The terms of the parties’ settlement agreement are confidential. Pursuant to the agreement, the pending litigation will be dismissed. Full Article
lululemon athletica inc Issues Q3 2012 Guidance In line With Analyst's Estimates; Comments On Q3 2012 Comparable Store Sales Guidance; Raises FY 2012 Guidance
lululemon athletica inc announced that for the third quarter of fiscal 2012, it expects net revenue to be in the range of $300 million-$305 million based on a comparable-store sales percentage increase in the low to mid teens on a constant-dollar basis. Diluted earnings per share (EPS) are expected to be in the range of $0.34-$0.36 for the third quarter. For fiscal 2012, it expects net revenue to be in the range of $1.345 billion-$1.360 billion and diluted earnings per share (EPS) to be in the range of $1.76-$1.81. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $303.68 million and EPS to be $0.34 for the third quarter of 2012 and revenue to be $1.354 billion and EPS to be $1.64 for the fiscal 2012. Full Article
lululemon athletica inc Issues Q2 2012 Guidance
lululemon athletica inc announced that for the second quarter of 2012, it expects net revenue to be in the range of $273-$278 million based on a comparable-store sales percentage increase in the low double digits on a constant-dollar basis, diluted earnings per share (EPS) to be in the range of $0.28 to $0.30. For fiscal 2012, it now expect net revenue to be in the range of $1.320-$1.340 billion and diluted EPS to be in the range of $1.55 to $1.60. Full Article
Lululemon seeks "head boss person," must love yoga
TORONTO - Yoga gear maker Lululemon wants a "head boss person" who can communicate in Sanskrit, hold a headstand for at least 10 minutes and is ready to break the rules, the Vancouver-based company said on Friday in a tongue-in-cheek job ad.
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