Key Developments: Lululemon Athletica Inc (LULU.O)
81.05USD
17 May 2013
$1.20 (+1.50%)
$79.85
$79.43
$81.32
$79.43
1,074,913
2,853,549
$81.77
$52.20
Latest Key Developments (Source: Significant Developments)
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 athletica inc Issues Q1 2012 Outlook; Revenue Outlook Above Analysts' Estimates; Issues FY 2012 Outlook; EPS Outlook Below Estimates; Comments On Q1, FY 2012 Comparable-Store Sales Outlook
lululemon athletica inc announced that for the first quarter of fiscal 2012, it expects net revenue to be in the range of $265 million to $270 million based on a comparable-store sales percentage increase in the low 20s on a constant-dollar basis. Diluted earnings per share (EPS) are expected to be in the range of $0.28 to $0.29 for the quarter. For fiscal 2012, the Company expects net revenue to be in the range of $1.3 billion to $1.325 billion and diluted earnings per share are expected to be in the range of $1.50 to $1.57 for fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $257 million and EPS of $0.29 for the first quarter of fiscal 2012; and revenue of $1.308 billion and EPS of $1.61 for fiscal 2012. Full Article
lululemon athletica inc Raises Q4 2011 Guidance; Raises Comparable-Store Sales Guidance
lululemon athletica inc announced that for the fourth quarter of 2011, the Company now expects diluted earnings per share (EPS) to be in the range of $0.47 to $0.49 as compared to its previous guidance range for diluted EPS of $0.40 to $0.42. The Company now expects net revenue to be in the range of $358 million to $363 million for the fourth quarter of fiscal 2011. This compares to the Company's previous guidance of net revenue in the range of $327 million to $332 million for the quarter. Comparable-store sales for the fourth quarter of 2011 are expected to reflect a low-to-mid twenties percentage increase on a constant-dollar basis. This compares to the Company's previous guidance of low to mid-teens comparable-store sales for the fourth quarter of fiscal 2011. Full Article
Lululemon Athletica inc. Issues Q2 2011 Guidance Above Analysts' Estimates; Comments On Q2 2011 Comparable Store Sales Guidance; Raises FY 2011 Guidance
Lululemon Athletica inc. announced that for second quarter of 2011, it expects revenue to be in the range of $200-$205 million based on a comparable store sales percentage increase in the mid-to-upper teens on a constant-dollar basis. Diluted earnings per share (EPS) to be in the range of $0.42 to $0.44 for second quarter of 2011. For fiscal 2011, it expects net revenue to be in the range of $915-$930 million and diluted earnings per share to be in the range of $2.10 to $2.16. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of $198 million and EPS of $0.40 for second quarter of 2011; revenue of $921 million and EPS of $2.10 for fiscal 2011. Full Article
Lululemon sued over executive bonus changes on eve of recall
May 3 - Lululemon Athletica Inc was sued by a pension fund shareholder on Friday 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.
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
