Key Developments: Lululemon Athletica Inc (LULU.O)

LULU.O on Nasdaq

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Latest Key Developments (Source: Significant Developments)

lululemon athletica inc recalls women's tops because of draw cord injuries - Tulsa World
Saturday, 27 Jun 2015 08:00pm EDT 

lululemon athletica inc:Says is recalling about 318,000 women's tops, saying the hard-tipped elastic draw cords can snap back and injure the face or eyes of a wearer - Tulsa World.Says Regulators said that consumers should stop wearing the tops and either remove the cord or ask Lululemon for a non-elastic draw cord and instructions on how to replace the cord.Says The U.S. Consumer Product Safety Commission said the tops have an elastic draw cord with a metal or plastic tip in the hood or in the neck area.The agency says seven people have reported face and eye injuries after the cord was either pulled or became caught on something and then released.Says about 185,000 of the tops were sold in Canada and 133,000 were sold in the U.S. between January 2008 and December 2014. The items were sold under a variety of names, colors and styles, and they cost $75 to $260.  Full Article

lululemon athletica Inc gives Q1, FY 2015 outlook below analysts' estimates
Thursday, 26 Mar 2015 05:30am EDT 

lululemon athletica Inc:Expects Q1 2015 net revenue to be in the range of $413 to $418 million based on a total comparable sales increase in the low single digits on a constant dollar basis.Q1 2015 diluted earnings per share to be in the range of $0.31 to $0.33.Q1 2015 revenue of $442 mln, EPS of $0.39 - Thomson Reuters I/B/E/S.FY 2015 net revenue to be in the range of $1.970 to $2.020 billion based on a total comparable sales increase in the mid single digits on a constant dollar basis.FY 2015 Diluted earnings per share to be in the range of $1.85 to $1.90.FY 2015 Revenue of $2.052 bln, EPS of $2.06 - Thomson Reuters I/B/E/S.  Full Article

lululemon athletica Inc raises Q4 2014 outlook
Monday, 12 Jan 2015 07:00am EST 

lululemon athletica Inc:Expects Q4 2014 net revenue to be in the range of $595 -$600 mln based on a total comparable sales increase between 6 to 7 pct on a constant dollar basis.This compares to its previous guidance of net revenue in the range of $570 - $585 mln for the Q4 2014 based on a total comparable sales increase in the low single digits on a constant dollar basis.Expects Q4 2014 diluted earnings per share will be in the range of $0.71 to $0.73, as compared to previous range of $0.65 to $0.69.Q4 2014 revenue of $584 mln, EPS of $0.69 - Thomson Reuters I/B/E/S.  Full Article

lululemon athletica inc names Stuart C. Haselden chief financial officer
Wednesday, 7 Jan 2015 04:15pm EST 

lululemon athletica inc:Says Stuart C. Haselden has been named as chief financial officer, effective as of start of his employment with company, which is expected to be Feb. 2, 2015.  Full Article

lululemon athletica inc gives Q4 2014 guidance below analysts' estimates; lowers FY 2014 revenue outlook; raises FY 2014 EPS outlook
Thursday, 11 Dec 2014 05:30am EST 

lululemon athletica inc:Expects Q4 2014 net revenue to be in the range of $570 to $585 mln based on a total comparable sales increase in the low single digits on a constant dollar basis.Expects Q4 2014 diluted earnings per share to be in the range of $0.65 to $0.69.Expects FY 2014 net revenue in the range of $1.765 to $1.780 bln based on total comparable sales increase in the low single digits on a constant dollar basis.Expects FY 2014 diluted earnings per share to be in the range of $1.53 to $1.57 or $1.74 to $1.78 normalized for the non-recurring tax adjustment.Q4 2014 revenue of $594 mln and EPS of $0.72 - Thomson Reuters I/B/E/S.FY 2014 revenue of $1.794 bln and EPS of $1.77 - Thomson Reuters I/B/E/S.  Full Article

lululemon athletica gives Q3 2014 guidance; raises low end of prior FY 2014 revenue guidance to a range above analysts' estimates, raises FY 2014 EPS guidance
Thursday, 11 Sep 2014 05:30am EDT 

lululemon athletica inc:Expects Q3 2014 net revenue to be in the range of $420 - $425 mln.Expects Q3 2014 diluted EPS to be in the range of $0.36 - $0.38.Expects FY 2014 net revenue to be in the range of $1.780 bln - $1.800 bln.Expects FY 2014 diluted EPS to be in the range of $1.51 to $1.56.Q3 2014 revenue of $422 mln and EPS of $0.38 - Thomson Reuters I/B/E/S.FY 2014 revenue of $1.776 bln and EPS of $1.74 - Thomson Reuters I/B/E/S.  Full Article

lululemon athletica inc announces appointment of co-Chairman - Form 8-K
Thursday, 7 Aug 2014 05:18pm EDT 

lululemon athletica inc:Appoints Mussafer as co-Chairman of the board and as a member of the nominating and governance committee of the board.  Full Article

lululemon athletica inc announces retirement of chief financial officer john currie
Thursday, 12 Jun 2014 05:30am EDT 

lululemon athletica inc:Says that Chief Financial Officer John Currie has notified the company of his intent to retire by the end of the fiscal year.Says it will engage a executive search firm to initiate an open and comprehensive search for Currie's replacement to allow for a smooth transition.  Full Article

lululemon athletica inc approves $450 million share buyback program
Thursday, 12 Jun 2014 05:30am EDT 

lululemon athletica inc:Says that the board has approved a stock repurchase program to buy back up to $450 million of its common shares in the open market at prevailing market prices.The timing and actual number of common shares to be repurchased will depend upon market conditions and other factors, in accordance with Securities and Exchange Commission requirements.The share buyback program is intended to create shareholder value by making opportunistic repurchases during periods of favorable market conditions and is expected to be completed in two years.Says shares may be repurchased from time to time on the open market, through block trades or otherwise.Says Purchases may be started or stopped at any time without prior notice depending on market conditions and other factors.  Full Article

lululemon athletica inc gives Q2 2014 guidance below analysts' estimates; lowers high end of prior FY 2014 revenue guidance; lowers FY 2014 EPS guidance
Thursday, 12 Jun 2014 05:30am EDT 

lululemon athletica inc:Says for Q2 2014, it expects net revenue to be in the range of $375 million to $380 million based on a total combined comparable sales decrease in the low to mid single digits on a constant-dollar basis.Sees Q2 2014 diluted earnings per share are expected to be in the range of $0.28 to $0.30.Sees FY 2014 net revenue to be in the range of $1.770 bln to $1.800 bln based on a total combined comparable sales increase in the low single digits on a constant-dollar basis.Sees FY 2014 diluted earnings per share to be in the range of $1.50 to $1.55 or $1.71 to $1.76.Q2 2014 revenue of $387 mln and EPS of $0.36 - Thomson Reuters I/B/E/S.FY 2014 revenue of $1.796 bln and EPS of $1.89 - Thomson Reuters I/B/E/S.  Full Article

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Lululemon recalls draw cords on women's top due to injury risk

TORONTO - Lululemon Athletica Inc , which was hit by a high-profile recall of overly sheer yoga pants in 2013, is recalling the drawstrings on more than 300,000 women's tops due to the risk of injury, but said the financial impact was not material.

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