lululemon athletica inc. Updates Income and Earnings Anticipations for the Fourth Quarter In advance of the ICR Conference

VANCOUVER, British Columbia–(Business enterprise WIRE)–Jan 11, 2021– lululemon athletica inc. (NASDAQ:LULU) nowadays announced the company

VANCOUVER, British Columbia–(Business enterprise WIRE)–Jan 11, 2021–

lululemon athletica inc. (NASDAQ:LULU) nowadays announced the company now expects revenue and earnings to be at the high stop of its prior selection of anticipations for the fourth quarter of fiscal 2020 ending January 31, 2021.

Calvin McDonald, Main Executive Officer, commented: “We’re pleased with the momentum over the getaway interval as our investments in lululemon and MIRROR permitted us to connect with friends both physically and digitally. We continue to be confident about our prospects in 2021 and fully commited to our Electrical power of 3 expansion system.”

For the fourth quarter of fiscal 2020 when compared to the fourth quarter of fiscal 2019, the business now expects the progress rate in internet revenue to be at the superior finish of its mid-to-substantial teens expectation. The firm also expects the expansion charge in adjusted diluted earnings for each share to now be at the substantial finish of its mid-one digits expectation.

Users of the administration workforce will be meeting nearly with analysts and buyers at the ICR Conference on January 11-13, 2021.

Make sure you refer to segment below entitled “Non-GAAP Economic Steps.”

About lululemon athletica inc.

lululemon athletica inc. (NASDAQ:LULU) is a wholesome lifestyle impressed athletic attire enterprise for yoga, running, coaching, and most other sweaty pursuits, generating transformational items and ordeals which permit people today to are living a life they really like. Setting the bar in technological materials and practical patterns, lululemon is effective with yogis and athletes in area communities for steady analysis and merchandise suggestions. For much more facts, go to www.lululemon.com.

Ahead-Hunting Statements:

This push launch incorporates estimates, projections, statements relating to the Company’s company programs, targets, and anticipated operating results that are “forward-on the lookout statements” inside the indicating of the Personal Securities Litigation Reform Act of 1995, Portion 27A of the Securities Act of 1933 and Part 21E of the Securities Trade Act of 1934. In lots of scenarios, you can detect ahead-hunting statements by phrases this sort of as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “outlook,” “believes,” “intends,” “estimates,” “predicts,” “potential” or the unfavorable of these terms or other equivalent terminology. These forward-hunting statements also include things like the Company’s steerage and outlook statements. These statements are dependent on management’s latest expectations, but they entail a selection of dangers and uncertainties. Precise success and the timing of activities could vary materially from these predicted in the ahead-hunting statements as a end result of hazards and uncertainties, which include, devoid of limitation: the Company’s skill to keep the price and popularity of its brand name the current COVID-19 coronavirus pandemic and connected authorities, personal sector, and unique customer responsive steps its hugely aggressive market place and raising levels of competition rising solution prices and lowering promoting rates its capability to anticipate consumer preferences and effectively acquire and introduce new, progressive and current solutions its potential to correctly forecast visitor demand for its items modifications in shopper shopping preferences and shifts in distribution channels its ability to grow internationally in light of its minimal running expertise and confined brand recognition in new international marketplaces its means to notice the prospective advantages and synergies sought with the acquisition of MIRROR its skill to deal with its expansion and the elevated complexity of its business enterprise successfully its capability to efficiently open up new retail store locations in a timely method seasonality its reliance on and constrained handle about 3rd-celebration suppliers to supply fabrics for and to create its items the functions of a lot of of its suppliers are topic to global and other dangers suppliers or suppliers not complying with its Seller Code of Ethics or relevant legislation its capability to produce its products to the industry and to satisfy visitor anticipations if it has complications with its distribution procedure raising labor charges and other elements related with the generation of its merchandise in South and South East Asia its potential to safeguard from stability breaches with respect to its data know-how units any content disruption of its information and facts techniques its potential to have technology-based mostly techniques purpose successfully and develop its e-commerce business globally an financial economic downturn, depression, or downturn or economic uncertainty in its crucial markets global economic and political disorders and international situations this kind of as wellbeing pandemics its potential to resource and sell its products profitably or at all if new trade restrictions are imposed or present trade limitations become extra burdensome modifications in tax legislation or unanticipated tax liabilities its ability to comply with trade and other polices fluctuations in foreign forex trade fees imitation by its opponents its skill to guard its mental residence rights conflicting emblems and the avoidance of sale of specified solutions its exposure to a variety of sorts of litigation and other risks and uncertainties established out in filings created from time to time with the United States Securities and Exchange Commission and out there at www.sec.gov, such as, without the need of limitation, its most the latest reports on Form 10-K and Variety 10-Q. You are urged to take into consideration these things very carefully in evaluating the ahead-hunting statements contained herein and are cautioned not to place undue reliance on this sort of ahead-wanting statements, which are competent in their entirety by these cautionary statements. The forward-looking statements manufactured herein speak only as of the date of this press launch and the Enterprise undertakes no obligation to publicly update such forward-on the lookout statements to mirror subsequent activities or situations, except as may be needed by regulation.

Non-GAAP Money Actions

The adjusted earnings for every share expectation continues to exclude specified integration and acquisition-similar payment fees incurred in relationship with the acquisition of MIRROR, and the associated tax results. The presentation of this monetary data is not supposed to be considered in isolation or as a substitute for the economical information prepared and presented in accordance with GAAP.

The adhering to table reconciles anticipated development in adjusted diluted earnings for every share, for the fourth quarter of fiscal 2020 when compared to the fourth quarter of fiscal 2019, with the most immediately comparable measure calculated in accordance with GAAP.





 

 

Percentage Development in

Diluted Earnings For every
Share

GAAP final results

 

Low-One Digits

MIRROR integration and acquisition-similar expenditures, net of tax

 

2% to 3%

Modified effects (non-GAAP)

 

Mid-One Digits

 

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Erin Hankinson

1-604-732-6124

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Eleanor French

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PUB: 01/11/2021 06:30 AM/DISC: 01/11/2021 06:30 AM

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