Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Lululemon athletica Inc.    LULU

LULULEMON ATHLETICA INC.

(LULU)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

lululemon athletica : sees holiday-quarter profit plunging on higher marketing costs

09/08/2020 | 10:26pm EST
A sign for a Lululemon retail shop is reflected in the store's window at a shopping mall in San Diego

Yogawear maker Lululemon Athletica Inc said on Tuesday it was "cautiously optimistic" about the holiday season and forecast current-quarter adjusted profit to fall as much as 20% due to higher marketing expenses.

The company's shares, which have risen more than 50% this year, were down about 5% in extended trading.

Lululemon said it would ramp up marketing spending on Mirror, the at-home fitness company it bought for $500 million earlier this year, to capitalize on booming demand for home workout classes spurred by the coronavirus and the opportunity to drive business during the holiday season.

The investment in Mirror, which is expected to generate $150 million in 2020 revenue, comes at a time the yogawear maker was forced to halt its in-store yoga and fitness classes, a key marketing strategy that had brought in more shoppers to stores.

Lululemon said it was preparing for a number of scenarios and pulled forward its investments in the digital channel as the busy holiday season approaches.

"Our starting point is that the environment remains uncertain. COVID is not yet contained in many of the markets where we operate," Chief Executive Officer Calvin McDonald told analysts.

Lululemon's relatively small stores, which constrain the number of shoppers it can allow inside, and reduced operating hours would impact store traffic in the second half of 2020, the company said.

But to counter that, Lululemon said it would open 70 seasonal stores in key centers for the all-important holiday season to bring in more shoppers to its brick-and-mortar stores.

Lululemon's direct-to-consumer business, which includes online sales, jumped 155% in the second quarter ended Aug. 2.

Net revenue rose 2.1% to $902.9 million, compared with estimates of $842.5 million, according to IBES data from Refinitiv.

(Reporting by Mehr Bedi and Nivedita Balu in Bengaluru; Editing by Krishna Chandra Eluri and Maju Samuel)


© Reuters 2020
All news about LULULEMON ATHLETICA INC.
11/20Consumer Cos Down As Second Coronavirus Wave Sweeps U.S., Europe -- Consumer ..
DJ
11/20LULULEMON ATHLETICA INC. : Change in Directors or Principal Officers (form 8-K)
AQ
11/20Lululemon Athletica names Meghan Frank as chief financial officer
AQ
11/20LULULEMON ATHLETICA : Names Meghan Frank Chief Financial Officer
BU
11/20Retailers are eager to hire - if you're a digital whizz
RE
11/07LULULEMON ATHLETICA : How Peloton Could Beat Nike and Lululemon at Apparel
DJ
10/30LULULEMON ATHLETICA INC. : Change in Directors or Principal Officers (form 8-K)
AQ
10/30LULULEMON ATHLETICA : Announces Leadership Appointments as Company Continues to ..
BU
10/28LULULEMON ATHLETICA : Releases Impact Agenda, Unveiling its Social and Environme..
BU
10/05The Covid Economy Carves Deep Divide Between -2-
DJ
More news
Financials (USD)
Sales 2021 4 136 M - -
Net income 2021 540 M - -
Net cash 2021 881 M - -
P/E ratio 2021 84,2x
Yield 2021 -
Capitalization 45 418 M 45 418 M -
EV / Sales 2021 10,8x
EV / Sales 2022 8,44x
Nbr of Employees 19 000
Free-Float 88,1%
Chart LULULEMON ATHLETICA INC.
Duration : Period :
lululemon athletica Inc. Technical Analysis Chart | LULU | US5500211090 | MarketScreener
Technical analysis trends LULULEMON ATHLETICA INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 36
Average target price 368,63 $
Last Close Price 348,53 $
Spread / Highest target 29,1%
Spread / Average Target 5,77%
Spread / Lowest Target -58,4%
EPS Revisions
Managers
NameTitle
Calvin McDonald Chief Executive Officer & Director
Glenn K. Murphy Non-Executive Chairman
Tom Waller Chief Science Officer & SVP-Advanced Innovation
Julie Averill Chief Technology Officer
Martha A. M. Morfitt Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
LULULEMON ATHLETICA INC.50.44%45 418
LVMH MOËT HENNESSY - LOUIS VUITTON SE18.90%292 858
VF CORPORATION-14.84%33 100
LI NING COMPANY LIMITED93.79%14 435
MONCLER S.P.A.4.04%12 449
LEVI STRAUSS & CO.-1.45%7 550