lululemon investor presentation 2020 lululemon investor presentation 2020

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. 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. tax reform and taxes on repatriation of foreign earnings. Good afternoon and congratulations. Please read this Notice before entering the Promotion to make sure you understand how we process your personal data in connection with the Promotion. $518.5 million 41. Sustainable Product Innovation: Make 100 percent of our products with sustainable materials and end-of use solutions, toward a circular ecosystem by 2030. 1. The legal basis for this processing is the performance of the agreement between you and lululemon related to the Promotion. and intangible assets, net, Deferred income taxes and other non-current assets, Accrued compensation and related expenses, Total liabilities and stockholders' equity, Adjustments to reconcile net income to net cash provided by operating activities, Net cash provided by operating activities, Increase (decrease) in cash and cash equivalents, Cash and cash equivalents, beginning of year, lululemon athletica One million four hundred sixty thousand three hundred eighty subordinate voting shares were repurchased between January 17 and July 6 . 12. By Q.ai . Lululemon's $500 million acquisition of high-tech fitness brand Mirror doesn't seem to be paying off. Beginning of In our store channel, sales increased 9% on a two-year CAGR basis, above our expectations of approximately flat. So in terms of Vietnam, we source approximately 30% of our finished goods. Introducing new pant fabrics and styles that deliver athletic innovation for everyday life. Fulfilled all retail clerk duties in a high volume, high traffic store with over 100K weekly sales. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. The turnout for these classes has been really positive. . Square Feet at "Our Impact Agenda is more than a set of commitments," said Calvin McDonald . Equally, we know that the pandemic drove forward, accelerated some of the guest behaviors that play to the strength of our brand. So it really supports the early earnings in growth across multiple levers. 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 company has a grassroots foundation driving the growth of the brand. During this call, we will present both GAAP and non-GAAP financial measures. If you are a consumer in the European Economic Area ("EEA") or Switzerland, this privacy policy ("Privacy Policy") explains how we process your personal data when you shop in our stores, access or use our websites, register for and attend events, engage with us on social media or otherwise interact with us. This quarter, we launched the AirSupport Bra, our most tested bra to date, which was developed following five years of advanced research and development. The next question comes from Brooke Roach with Goldman Sachs. We will double our men's business this year, and our international business is ahead of the 4-time growth we put out to be completed by the end of '23. Despite these headwinds, we expect both strong revenue and EPS for the year, and we remain on track to deliver, or in some cases even exceed our goals as set forth in our Power 3 growth plan. Adjusted income tax expense, effective tax rates, and diluted earnings per share exclude the amounts recognized in connection with Our freshest gear. 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. That's why we see such balanced growth across markets, channels, and product categories. March 26, 2020 Search Thousands of Presentations by World Leading Companies, Join our mailing list to stay in the loop with updates and newest feature releases. Flying on the latest positive earnings results, Lululemon Athletica ( NASDAQ: LULU ) reached an impressive US$50b market cap in the last week. Our partnership with LanzaTech, a biotech company, which allows us to create the world's first yarn and fabric using recycled carbon emissions. February 3, 2019 These statements are based on current information which we have assessed, but which by its nature is dynamic and subject to rapid and even abrupt changes. Our Service Providers. In the financial year of 2021, ending January 2022, the athletic apparel brand known as lululemon generated about 6.3 billion U.S. dollars in net . We are so grateful for everyone's hard work and dedication. , Great. We currently have approximately 95% of our stores opened globally, we're engaging with guests inside our stores and through our community activations, and our e-commerce business remains strong. 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? compared to 65. Great. October 28, 2020. lululemon released its first-ever Impact Agenda detailing the company's long-term strategy to become a more sustainable and equitable business, minimize its environmental impact, and accelerate positive change both internally and externally. Congrats again. As I mentioned, we anticipate it will be with us for the balance of the year, and we'll update on 2022. lululemon encourages and creates access to voter participation in the 2020 U.S. Election. And that has always driven our business. SEC We will be competitive to attract new members and we will continue to take a measured and responsible approach to the business. Unless otherwise required by applicable law, lululemon will take reasonable steps to destroy or permanently de-identify personal data it holds if such personal data is no longer needed for the purpose for which it was collected. We achieved doubling our e-commerce business last year. Lululemon operates in a competitive industry, but it's certainly expanding like it wants to be the next Nike. For more information on these non-GAAP financial measures, please see the section captioned "Reconciliation of Non-GAAP Financial Measures" included in the accompanying financial tables, which includes more detail on the GAAP financial measure that is most directly comparable to each non-GAAP financial measure, and the related reconciliations between these financial measures. Lululemon Subscribe . 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. See active subscriptions. Copies of the Standard Contractual Clauses we use to facilitate this transfer of data are available HERE and HERE. We continue to be pleased with the performance of MIRROR, and let me highlight several initiatives we have on track for this year. Feb. 18, 2021 | 7:00 AM US/Central. Yeah, no. After submitting your request, you will receive an activation email to the requested email address. lululemons Latest Jackets and Outerwear Collection Stretches Beyond Expectations, Super Fine Face Mist is the Newest Addition to lululemons Selfcare Category, Sorry, we don't ship to your country/region, lululemon athletica 1818 Cornwall Ave, Vancouver BC V6J 1C7, California Privacy Rights (Last Updated: 1/23/23). , We'll continue monitoring the rising costs associated with CAC while we move ahead with launching exciting new innovations and leveraging the synergies Lululemon brings to the relationship. Kourtney Gibson will serve on the board effective immediately. February 2, 2020 But the general metrics and guest member usage is very, very strong. 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 VANCOUVER, British Columbia, March 29, 2022--lululemon athletica inc. (NASDAQ:LULU) today announced financial results for the fourth quarter and fiscal year ended January 30, 2022. Learn More. Description. And then Calvin, on international, when we gathered to the analyst's day and you gave us the initial guidance of quadrupling revenues by 2023, I think the comment was that international is going to reach breakeven in 2018 and would be 10 to 15% of earnings by 2023. But everything we do around human connection, science of feel that's fueling that. And you want that in these types of membership programs to drive that loyalty. Shares of the yogawear maker climbed 1.5% to 369.07 in Thursday's stock market trading.Lululemon stock is working on a 383.64 cup . How we protected our teams reflects the unique culture and values of lululemon, Sales1,2, Change in Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. The highlight was standout performance from the direct-to-consumer channel where robust growth in e-commerce helped Lululemon report a small profit even with stores closed. At the end of the second quarter, we had 95% of our stores open. We are committed to serving the best interests of our shareholders. Our Unique Proposition; News & Events. Celeste? , and in many other countries globally. At . 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. Here you will find key information and financial reports, puttingtheperformance oflululemon athleticaincinto perspective for you. Walmart Inc. (NYSE: WMT) hosted the virtual 2021 Investment Community Meeting on February 18, 2021. 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 . Subscribe New All new decks. Inventories at the end of fiscal 2019 increased by 28% to Here you will find key information and financial reports, putting the performance of lululemon athletica inc into perspective for you. 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. Feet Added The Company repurchased 1.1 million shares of its own common stock at an average cost of. We're monitoring how macro factors currently impacting the cost of digital marketing are creating some pressure on customer acquisition costs at MIRROR. Yeah, thanks, Erin. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Login. Reform, Fiscal Year Ended That's enough to turn a $10,000 investment into $400,000. The next question comes from Mark Altschwager with Baird, please go ahead. So overall, what's very exciting is the balance of growth across all international markets, meaning they are all contributing significant growth and into our goal of quadrupling our international business by '23. Calvin or Meghan, I guess could you elaborate a little bit on the commentary you gave? Thanks for taking my question and congrats on the results here. When we look to Q4, we're really pushing into our omnichannel strengths and will be agile across both channels, meaning the demand where it comes to us but we're sharing slightly above 2019 productivity for Q3. Revenue, Adjustments due to foreign exchange rate changes. Lululemon Stock. Subsequent to 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. The adjustments relate to the amounts recognized in connection with Despite the competition in footwear, McDonald believes there are gaps in the market where they can address customer needs. Let me add my congrats. Thank you. and available at www.sec.gov, including, without limitation, our most recent reports on Form 10-K and Form 10- And for that, I'd like to say thank you. Lululemon had been looking for ways to meet its . U.S. Celeste Burgoyne -- President, Americas and Global Guest Innovation. Auto Parts . Sign Up. are compared to the 13 and 52 weeks ended To learn more see our privacy policy. Please go ahead. The direct-to-consumer channel, including e-commerce and mobile sales, made up 54% of total revenue. Investors expected lululemon athletica (LULU 1.66%) to deliver a large increase in revenue over the year-ago weakness, . 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. Hi. Thank you, Calvin. We are really proud to be able to bring the Lululemon brand to our guests in these unique and compelling ways, and we're excited about what is yet to come. We retain personal data only for as long as necessary to achieve the purpose for which such personal data was collected, unless a different retention period is required under applicable law. We had approximately $1.2 billion in cash and cash equivalents and nearly $400 million of available capacity under our revolving credit facility. Joseph Teklits Additionally . A right to restriction of processing: You have the right to request that we restrict processing of your personal data, so that we can store such data but not otherwise process it. As you know, we also see continued growth opportunities within North America. The iconic yoga, run and party experience goes fully virtual for 2020 and introduces a new 10K distance. For example, when your personal data is processed for email marketing purposes, you have the right to object to such processing at any time by clicking on the unsubscribe link at the bottom of such marketing communications. [Operator instructions] I would now like to turn the conference over to Howard Tubin, vice president investor relations for Lululemon Athletica. This includes operating results for MIRROR that excludes acquisition and integration-related costs.