Key Developments: Lululemon Athletica Inc (LULU.O)

LULU.O on Nasdaq

41.40USD
24 Oct 2014
Price Change (% chg)

$-0.01 (-0.02%)
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$41.41
Open
$41.39
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$41.73
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$40.80
Volume
849,912
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$73.73
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$36.26

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Latest Key Developments (Source: Significant Developments)

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

lululemon athletica inc gives Q1 2014 guidance below analysts' estimates; gives FY 2014 guidance; EPS guidance below analysts' estimates; gives FY 2014 comparable sales guidance
Thursday, 27 Mar 2014 07:15am EDT 

lululemon athletica inc:Expects Q1 2014 net revenue to be in the range of $377 million to $382 million.Expects Q1 2014 diluted earnings per share to be in the range of $0.31 to $0.33.Expects FY 2014 net revenue to be in the range of $1.770 billion to $1.820 billion based on a total combined comparable sales increase in the low to mid-single digits on a constant dollar basis.Expects FY 2014 diluted earnings per share to be in the range of $1.80 to $1.90.Q1 2014 revenue of $389 million and EPS of $0.38 - Thomson Reuters I/B/E/S.FY 2014 revenue of $1.819 billion and EPS of $2.14 - Thomson Reuters I/B/E/S.  Full Article

lululemon athletica inc lowers Q4 2013 guidance; updates comparable-store sales guidance-Reuters
Monday, 13 Jan 2014 06:20am EST 

lululemon athletica inc:Expects net revenue to range between $513 million and $518 million for the Q4 2013 from $535 million to $540 million earlier-Reuters.The company expects to earn between 71 cents and 73 cents per share, down from its earlier estimate of 78 cents and 80 cents.The forecast is based on comparable-store sales in the negative low-to-mid single digits on a constant-dollar basis.  Full Article

lululemon athletica inc gives Q4 2013 outlook below estimate; comments on Q4 2013 comparable-store sales outlook; lowers FY 2013 revenue outlook; lowers high end of prior FY 2013 EPS outlook
Thursday, 12 Dec 2013 07:15am EST 

lululemon athletica inc:Sees Q4 2013 revenue to be in the range of $535 mln to $540 mln based on flat comparable-store sales on a constant-dollar basis.Sees Q4 2013 diluted earnings per share (EPS) to be in the range of $0.78 to $0.80.Sees FY 2013 net revenue to be in the range of $1.605 bln to $1.610 bln.Sees FY 2013 diluted EPS to be in the range of $1.94 to $1.96.Q4 2013 revenue $571 mln, EPS $0.84 - Thomson Reuters I/B/E/S Estimates.FY 2013 revenue $1.638 bln, EPS $1.96 - Thomson Reuters I/B/E/S Estimates.  Full Article

lululemon athletica inc appoints Laurent Potdevin as chief executive officer
Tuesday, 10 Dec 2013 12:30am EST 

lululemon athletica inc:Says appoints Laurent Potdevin as the company's Chief Executive Officer (CEO) and a member of its Board of Directors.Says Potdevin will succeed Christine Day, who has served as the company's CEO.Says Potdevin is expected to step into his role as Chief Executive Officer in Jan. 2014, and will become a director when he assumes his duties as CEO.  Full Article

lululemon athletica inc Lawsuit Over Sheer Yoga Pants Gets Lead Plaintiff-Reuters
Tuesday, 1 Oct 2013 02:46pm EDT 

Reuters reported that A Louisiana pension fund will lead U.S. litigation accusing Lululemon Athletica Inc of fraudulently hiding defects that caused yoga pants to become nearly sheer, and concealing talks that led to the surprise departure of its Chief Executive. U.S. District Judge Katherine Forrest in Manhattan on October 01, 2013 said the Louisiana Sheriffs' Pension & Relief Fund, which owned about $1.3 million of Lululemon stock, will handle the litigation on behalf of shareholders. But trouble surfaced in March when the Vancouver, British Columbia-based company recalled its top-selling item, women's black yoga pants containing its Luon fabric, after determining the pants were too sheer. Less than three months later, Lululemon on June 10 announced the departure of Chief Executive Christine Day. Two lawsuits filed in Manhattan blamed the defective pants on cost-cutting, and accused Lululemon, Day and Chairman Dennis Chip Wilson of hiding the defects, using deep discounting to boost market share, and concealing plans to replace Day. Forrest combined the lawsuits and said the Louisiana fund should lead the case because it had a larger financial stake than the other plaintiff, Houssam Alkhoury of Natick, Massachusetts, and was a sophisticated institutional investor with experience leading similar lawsuits. The fund's law firm is Bernstein Litowitz Berger & Grossmann.  Full Article

BUZZ-U.S. Stocks on the Move-RadioShack, Lululemon, 21Vianet, Crocs

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