lululemon investor presentation 2020

Gross profit for the second quarter were $843 million or 58.1% of net revenue, compared to 54.2% of net revenue in Q2 2020, and 55% of net revenue in Q2 2019. Lululemon boosted its holiday-quarter forecasts on December 11, just hours after it posted Street-beating earnings of $1.16 per share on a 22% gain in revenues to $1.12 billion. Oct 2021 - Present1 year 6 months. Fourth quarter revenue up 20% to 1-604-732-6124 Last October, we launched our Impact agenda, which outlines our strategies to address critical social environmental issues over a multi-year period. at the end of fiscal 2018. The deleverage relative to Q2 2019 is the result of the consolidation of MIRROR's results this year, but not in 2019 and deleverage on foreign exchange. For more information, visit www.lululemon.com. February 2, 2020 And then with the shutting of our stores and other shifts that were happening as a result, we saw that business slow both in the industry as well as with ourselves, even though we are putting on market share. Understanding we'll be hearing more next year, but just any initial thoughts you can share on how we should be thinking about your top-line growth algorithm beyond 2021 and how, if at all, the drivers may change versus the prior plan? for further information on these adjustments. If I could just ask one more question, switching gears for a second. Welcome to our Investors page. Adjusted net income for the quarter was $216 million or $1.65 per diluted share, compared to adjusted earnings per diluted share of $0.74 in Q2 of 2020 and $0.96 in Q2 of 2019. lululemon athletica1818 Cornwall AveVancouver BCV6J 1C7, Working With Our Suppliers to Create Meaningful Change, lululemon athletica inc. There are obviously between bottoms and tops and shorts and outerwear and some of the accessories. For us to repurchase and cancel shares between January 17, 2022, and January 16, 2023, NCIB is in place. In terms of gross margin, a 150 basis points to 200 basis points, expansion was where we guided for the full year. Absolutely, Mark, and thanks for the question. 7. lululemon.org: Establish a lululemon centre of excellence for social impact to support wellbeing by 2021. SEC We share personal data with third parties that perform services for us, including customer support, web hosting, information technology, payment processing, product fulfilment, fraud control, direct mail and email distribution, contest, event, sweepstakes and promotion administration, and analytics services. Our Q3 guidance reflects an impact of approximately 200 basis points of pressure from airfreight costs due to port congestion and capacity constraints. Making the world smarter, happier, and richer. Let me shift now to our outlook for Q3 and the full-year 2021. the Beginning or Vancouver yoga-togs merchant Lululemon . How are you doing? It's definitely a combination of both. We share personal data with third parties when we have your consent to do so. : For the fiscal year ended And perhaps a little bit more detail on your outlook for China momentum into the second half. We prioritized our people and kept our teams intact by offering pay production, sick pay, and other key people investments. So in terms of the supply chain, we are assuming that Southern Vietnam begins of Phase 3 opening mid-September and that's what's implied in our guidance. Feet Lost Square Footage Expressed in Thousands, Number of Total comparable sales includes comparable store sales and direct to consumer sales. We continue to expect capital expenditures to be approximately $365 million to $375 million in 2021. Fourth quarter revenue up 20% to $1.4 billion. About Us. Capital expenditures were $80 million for the quarter, compared to $53 million in the second quarter last year. I will now turn it over to Meghan. Tapestry Acceleration Program Infographic. Wellbeing for All: Provide access to wellbeing tools for more than 10 million people by 2025. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Inclusion, Diversity, Equity, and Action: Reflect the diversity of the communities we serve and operate in around the world by 2025. We continue to expect gross margin for the year to expand between 150 to 200 basis points compared to the modest increase we saw in 2020. , . January 27, 2019 A transcript of the meeting will be available here. Sep 2015 - Feb 20166 months. Climate Change: Source 100% renewable electricity to power our own operations by 2021, and reduce carbon emissions across our global supply chain by 60 percent per unit of value added, meeting our Science-Based Targets by 2030. Turning to EPS. View source version on businesswire.com: https://www.businesswire.com/news/home/20200326005653/en/, Investors: Michael Binetti -- Credit Suisse -- Analyst. Total comparable sales increased 17%, or increased 18% on a constant dollar basis. Our EPS guidance continues to assume modest dilution from MIRROR in the 3% to 5% range . And in fact, those behaviors are what gave us the conviction and confidence to go ahead with the MIRROR acquisition because we saw a natural synergy between the two. Thank you so much. Please go ahead. Due to the 53rd week in fiscal 2018, the below changes in total comparable sales, comparable store sales, and direct to consumer net revenue are calculated on a one week shifted basis such that the 52 weeks ended The forward-looking statements made herein speak only as of the date of this press release and we undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances, except as may be required by law. The legal basis for this processing is the performance of the agreement between you and lululemon related to the Promotion. John Kernan -- Cowen and Company -- Analyst. So I would not factor in any marginal impact, and our goals speak for themselves. Thank you. Our momentum continued in Q2 with our top and bottom-line results exceeding our expectations. or Please refer to Note 15 to the audited consolidated financial statements included in Item 8 of Part II of our Report on Form 10-K to be filed with the The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits. "Lululemon hosting a workshop to resist capitalism while selling us $180 yoga pants is peak 2020," wrote Kevin Duffey on Twitter. Invest better with The Motley Fool. Questions or comments about this Privacy Policy and or data protection practices should be directedhere. Tax The next question comes from John Kernan with Cowen. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Please read this Privacy Policy from time to time to make sure you understand how we process your personal data and the choices you have with respect to such processing. South East Asia After many real and impactful conversations with their underrepresented employees and greater community, lululemon's Senior Leadership Team made the following commitments to stand up and fund Inclusion, Diversity, Equity, and Action within the organization to support meaningful, lasting change in . Guests took three back-to-back classes, and Lululemon matched all ticket sales, which were then donated to the Black Women's Health Imperative. There will be some -- likely some puts and ticks in the margin as we move forward, and we do remain committed to the margin target that was in our Power 3 growth plan of modest expansion annually. And, Meghan, maybe just a quick follow-up on the increased outlook for airfreight. And we're pleased, I would say, overall with that relative to 2020 performance. "When you compare that to other brands, that is very high," McDonald said. 41. So for Q3, we are planning to be slightly above last year -- of 2019 level for the quarter. h|]k\7~AV}!EJbrMv(}Gg64fW9GH)'FGNL5NgJD &b-Tj TN%O( .PF$r In 2020, it fell by 48 per cent. Blog. Great, thanks. But taking profits now could be a very costly mistake. And we've established multi-year targets. Subsequent to McDonald sees Lululemon's market opportunity stretching way beyond the sports apparel market, which is big enough on its own at $115 billion, according to Euromonitor. Adjusted income tax expense, effective tax rates, and diluted earnings per share exclude the amounts recognized in connection with . You told us you're on track to quadruple of revenues, but our -- maybe you could just give us some thoughts on the path to the profitability of the international business to go with that comment, just to bring us up-to-date. , Made for pre-workout warmups, neighborhood strolls, and rest days this is the technical and versatile gear designed for all aspects of life. We are updating our guidance for the full year. Let me add my congrats. And third are really the roles in categories that our brand plays in and how the guests are wearing and using the gear. Thanks for signing up, youll soon start getting the inside scoop on the latest gear, our favourite workouts, events and much more. VANCOUVER, British Columbia , and in many other countries globally. While women's products made up 69% of total revenue in fiscal 2020 . Can you talk about your confidence in sustaining this level beyond the recovery period and what we should think about puts and takes for gross margin just thematically as we look out beyond '21? We are working with the right partners to help in the manufacturing and the creation, and therefore, the commercialization of these goods. Driven out of the innovation of the product, we're well aware of the inputs of inflation and costs and have that in our guidance that Meghan has provided. Buy These 2 Stocks in 2023 and Hold for the Next Decade, Warren Buffett's Latest $2.9 Billion Buy Brings His Total Investment in This Stock to $66 Billion in 4 Years, If You Invested $1,000 in Nvidia in 1999, Here's the Shocking Amount You Would Have Now, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. Three new styles feature innovative fabrics and construction. , March 26, 2020 Announces Third Quarter Fiscal 2022 Earnings Conference Call, Isabel Ge Mahe Joins lululemon Board of Directors, lululemon Studio, a New Fitness Platform, Launches on October 5th, lululemon athletica inc. February 2, 2020 We are now navigating an extraordinary environment, which is currently impacting our business. We continue to monitor the situation and work closely with local authorities to prioritize the safety of our people and guests. Here you will find key information and financial reports, puttingtheperformance oflululemon athleticaincinto perspective for you. And just a few weeks ago, we announced our multi-year collaboration with Genomatica, a recognized leader in sustainable materials to create a lower impact plant-based nylon. So it is a reflection of the industry. Profitability improved as this pipeline of releases more than offset . Our approach continues to be grounded and prudently managing our expenses while also continuing to strategically invest in our long-term growth opportunities. It's really driven throughout the performance on top-line and leverage on occupancy and depreciation and then we do, at this point in time, we're maintaining our Power 3 growth plan which caused calls for modest expansion in gross margin as you lookout. At the end of the second quarter, we had 95% of our stores open. In addition, I am thrilled that we're able to achieve productivity in our open stores equal to levels we saw in 2019 and happy to see these results sooner than we expected. We are seeing good growth, we are investing in the country, supporting the teams, and overall, the international business, like our business in North America and some of our category opportunities, very early, and growth across all channels in the markets and product categories. , Eleanor French This press release includes estimates, projections, statements relating to our business plans, objectives, and expected operating results that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. And then, secondly, for Meghan, on the second quarter comment, you called out an open-store productivity back at 2019 levels, how are you planning that for the back half? So very excited about how -- any guest, any member that purchases it, is using it, and all the things we love about it, the versatility, the genre, and appeal to a number are all playing out, as well as our conversion numbers are very healthy. As I've said before, Lululemon remains in the early innings of our growth story, and I continue to be inspired and excited with the momentum we're seeing across the business. Q2 2023 Tapestry, Inc. Investor Presentation. And on a two-year CAGR basis, we are pleased to see an acceleration relative to our first quarter. Thank you, Calvin. Our ability to sustain momentum quarter after quarter and year after year, and the incredible long-term prospects for our brand. Please note that the adjusted financial metrics I will share include the operating results of MIRROR but exclude approximately $8.1 million of acquisition-related costs and our associated tax effect in Q2 2021 and $11.5 million of acquisition-related costs and their associated tax effects in Q2 2020. McDonald continued: "I want to thank our people around the globe for the results they delivered in 2019, and for their perseverance and commitment to our brand each and every day.". Two quick ones, I guess, on gross margin sustainability. Combined, these give us a unique strength to keep growing MIRROR. Operator? Experienced and active freelance graphic designer with a strong reputation working in the creative industry in Vancouver and British Columbia. Please go ahead. It's a powerful and distinctive companion to our hugely successful Align product line and we will further solidify our leadership position within the yoga category. Very pleased with our international business, very pleased with growth across every market we are in.Now, different markets have been impacted differently from COVID.As you know, Australia, New Zealand in particular right now, is where the bulk of our global store closures are taking place but even with that, our online business is doing very well. The US$500-million acquisition of Mirror was an "an important step in our strategy," said CEO McDonald. lululemon Quarter, Number of Excellent results. Trending: Addressable Market . Due to the 53rd week in fiscal 2018, comparable sales are calculated on a one week shifted basis in fiscal 2019. lululemon expands its Selfcare product line with Super Fine Face Mist made to hydrate and protect post-workout skin. These locations currently remain closed. February 3, 2019 %PDF-1.6 % And now, back to Calvin for some closing remarks. Yes. We are committed to serving the best interests of our shareholders. Mark Altschwager -- Robert W. Baird -- Analyst. You can do so by contacting your countrys supervisory authority. Overview Investor presentations and pitch decks by companies in Consumer Cyclical sector Filter. Please go ahead. Beauty Market . I will also discuss specifics on our balance sheet, including our cash position, liquidity, and inventory. Please note that our websites and communications may contain links to third-party websites that are not controlled or operated by lululemon. rather than Events & Presentations: Quarterly Reports: Annual Reports: SEC Filings: End of Day Stock Quote: Unsubscribe . After submitting your request, you will receive an activation email to the requested email address. The above is based on 29 Wall Street analysts offering 12-month price targets for Lululemon in the last 3 months. Lululemon was reporting strong revenue growth before COVID-19 while also seeing improving margins and growing earnings. Stores Closed Copies of the Standard Contractual Clauses we use to facilitate this transfer of data are available HERE and HERE. in cash and cash equivalents compared to During this call, we will present both GAAP and non-GAAP financial measures. Thanks, John. 1931 0 obj <>stream Hi, thank you. Electric vehicle maker Tesla hosted a 2023 investor day presentation in Austin, Texas, on Wednesday. Any forward-looking statements that we make on this call are based on assumptions as of today, and we expressly disclaim any obligation or undertaking to update or revise any of these statements as a result of new information for future events. Theyjust revealed what they believe are thetenbest stocksfor investors to buy right now and Lululemon Athleticawasn't one of them! Best of luck to the holidays. A limited-edition capsule evolving fashion and function for the ever-expanding needs of modern life. We now expect our fiscal year 2021 adjusted diluted earnings per share to be in the range of $7.38 to $7.48. Q4 2020: HTML Open 2020 Q4 2020 Press releases: Show 2020 Q4 2020 webcast: Please go ahead. $1.1 billion Our Purpose, Vision & Values . Our success was our people, and honouring commitments to our landlords and vendors. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. We've established plans to improve the planet that we're committed to. And we continue to see the members, you said MIRROR, number of sweats, number of members per households sweating increase and hold very high numbers. One, the membership test, we learned a lot. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or with greater prominence to, the financial information prepared and presented in accordance with GAAP. North America We believe these adjusted financial measures are useful to investors in evaluating the trend in our operating performance as the adjustments do not directly relate to our ongoing business operations. We continue to be pleased with the performance of MIRROR, and let me highlight several initiatives we have on track for this year. . Our ABC and Commission styles bring you elevated everydaythe lululemon way. Our gross margin increases of 310 basis points relative to 2019 was driven by 290 basis points of leverage on occupancy depreciation and product team costs, and 60 basis points of favorability in foreign exchange, which was partially offset by a 40-basis-point decrease in product margin, driven by a 120-basis-point increase in airfreight related to COVID-19. We will soon introduce MIRROR to guests in Canada, where Lululemon has an impressive level of recognition. And I have a quick follow-up for Meghan. 2019, Selling, general and administrative expenses, Basic weighted-average shares outstanding, Diluted weighted-average shares outstanding, Goodwill are compared to the 13 weeks ended Feb 9, 2023. That being said, we are carefully monitoring the current developments in labor markets, particularly in North America, and we remain committed to doing what's right for our store and DC team. And when do some of the facilities that have currently been shuttered in Vietnam need to start ramping, which hits later holiday demand, as well as spring? We have our eyes on the long game with MIRROR and the community we're building. Unaudited; Expressed in thousands, except per share amounts, Constant dollar changes in net revenue, total comparable sales, comparable store sales, and direct to consumer net revenue. Quarter2, Total Gross Comparable Gross margin was 58.0%, an increase of 70 basis points compared to the fourth quarter of fiscal 2018. Check your inbox: your 10% off code is on its way. We're so excited to welcome lululemon to the Fertifa family. Hi, Mark. Exciting, thanks. Inspired from all areas of design and pursing the highest quality of creative work. Last year, it tested a line of self-care productsand is currently in the process of rolling out a loyalty program -- again, building that bond between brand and guest. Our popular Align franchise offers are the most distraction-free and weightless sensation, and we've expanded to include tops and bras in addition to our popular tight. For more information about our privacy practices in another jurisdiction, please refer to the privacy policy available in our stores, or posted on our website, for that jurisdiction. lululemon's net revenue worldwide 2008-2021. compared to For example, this Privacy Policy does not apply to consumers located outside the EEA and Switzerland. Internet Retail. 5. The enhancements were continuing to make to our desktop and mobile sites, which include expanding our alternative payment methods, improved storytelling, more predictive search, and more seamless checkout, all combined to continue to elevate their online guest experience. | Learn more about Julia Vodarek's work experience, education, connections & more . I wanted to follow up on the international business and the momentum that you're seeing there. Lululemon's $500 million acquisition of high-tech fitness brand Mirror doesn't seem to be paying off. Good afternoon. Quarter, Number of For Q3, we expect revenue in the range of $1.4 billion to $1.43 billion, representing a two-year CAGR of 24% to 25%. I mean, so much is going on, right, so many puts and takes. Vendor Code of Ethics; Conducting Assessments & Remediation; Working With Our Suppliers to Create Meaningful Change; Programs to Build Better If you do link your social media account to our social media account, the social media service may share certain data about you and your activities with us in accordance with their privacy policies and your privacy settings on their services. Our Unique Proposition; News & Events. Despite the competition in footwear, McDonald believes there are gaps in the market where they can address customer needs. While in another jurisdiction for processing, your personal data may be accessed by the courts, law enforcement, and national security authorities of that jurisdiction. is paul troutman still on oak island; is it sunnah to kiss your wife on forehead. Announces Second Quarter Fiscal 2022 Earnings Conference Call: PDF : 07/05/2022: lululemon Expands International Footprint, Launching in Spain: PDF : 06/02/2022: lululemon athletica inc. Announces First Quarter Fiscal 2022 Results, lululemon athletica inc. 268 presentation decks . Erin Hankinson Howard Tubin As I mentioned, we anticipate it will be with us for the balance of the year, and we'll update on 2022. We disclose your personal data to our holding company, subsidiaries and affiliates, including lululemon athletica inc.lululemon usa inc. and lululemon athletica canada inc., for the purposes described in the Use of Your Personal Data section ABOVE. Here you will find key information and financial reports, putting. Hi. And can you remind us what is it about Lululemon that continues to allow you to be a leader when a lot of other companies are going to become a big resource -- they are going to be making investments in this category? Sign up now! This included a 63% increase in North America and a 49% increase in our international business. While this level of inventory can support our increased revenue guidance I'm going to walk through in a moment, it is lower than we had initially targeted due to supply chain challenges. Our supply chain and product teams are working diligently to mitigate these risks by shifting production out of Vietnam where possible with our vendors who operate in multiple countries, prioritizing production to ensure key fall holiday styles are produced first, and strategically increasing our use of airfreight. Due to the 53rd week in fiscal 2018, the below changes in total comparable sales, comparable store sales, and direct to consumer net revenue are calculated on a one week shifted basis such that the 13 weeks ended Thanks. It also excludes the impact of any future share repurchases. And I'll start there because I think those to me are the most important and signal the health and the engagement of the community both with each other as well as near the product. Fulfilled all retail clerk duties in a high volume, high traffic store with over 100K weekly sales. Please go ahead. on or about The new Navigation Stretch Down Collection is technically designed to keep you moving comfortably in winter conditions. And that really is rooted in a number of very unique attributes to our brand. Our Service Providers. Please go ahead. , and we temporarily closed our distribution center in lululemon released its first-ever Impact Agenda detailing the companys long-term strategy to become a more sustainable and equitable business, minimize its environmental impact, and accelerate positive change both internally and externally. Great. Comparable sales increase 20% Ike Boruchow -- Wells Fargo Securities -- Analyst. 65. Good afternoon, and let me add my congratulations. Our annual range also assumes the factories we used to source products in Vietnam begin a phased reopening in mid-September.

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lululemon investor presentation 2020