lululemon investor presentation 2020 lululemon investor presentation 2020

works with yogis and athletes in local communities for continuous research and product feedback. Lululemon offers pants, shorts, tops, and jackets for both leisure and athletic activities such as yoga and running. Adding branded footwear could be a huge incremental sales opportunity for the brand. View All; SEC Filings. We saw strong performance in our nonscrubs business, which increased 59%. Operator? 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? As Calvin mentioned, sales trends remain positive with total digital comp up 4% in Q2. Malaysia , and in many other countries globally. I mean, so much is going on, right, so many puts and takes. Burgoyne becomes the first executive to serve at the President level in her role. Building on the Companys progress and learnings over the past two decades, lululemons Impact Agenda brings a new level of ambition that will guide the way the Company approaches and measures its work across all aspects of its business. As I've mentioned before, Lululemon's unique approach to product innovation is driven by our Science of Feel innovation platform. 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. Traffic was strong and increased over 150% versus last year. The data we automatically collect includes your IP address, browser type, access times, pages viewed, the frequency of your visits to our websites, the routes by which you access our websites, and your use of any hyperlinks available on our websites. Additionally . b. Total lululemon athletica, 9 Allee Scheffer, Luxembourg L-2520. the Beginning Repatriation of We have always supported and invested in our people. Square Feet at Before I open it up to questions, I wanted to take a look back on these results and the previous quarters and speak for a moment about the unique business model that drives their success, enables our strong performance, and allows us to navigate COVID-19 and the current headwinds impacting our supply chain. John Kernan -- Cowen and Company -- Analyst. 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? Equally, we know that the pandemic drove forward, accelerated some of the guest behaviors that play to the strength of our brand. We continue to expect capital expenditures to be approximately $365 million to $375 million in 2021. We may also wish to further use your personal data in promotional or marketing materials. Overview Investor presentations and pitch decks by companies in Consumer Cyclical sector Filter. We ensure, with the signature of Standard Contractual Clauses adopted by the European Commission, that personal data transferred outside the EEA and Switzerland is maintained with at least the same level of security and protection for personal data that is required under applicable law. Best Growth Stock to Buy: Nike Stock vs. Lululemon Stock, This Hot Growth Stock Is Still a Buy After Enormous Gains, Buy the Dip in 2023 on These Potentially Explosive Stocks, 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? 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. Our momentum continued into this quarter and our results remain robust with revenue growing more than 60% when compared to the same period last year. 0001172661-23-001474.pdf. Thank you. We've recently announced that we will raise the minimum base pay for our store and guest education center roles in North America, taking our new base pay to $15 to $17 per hour, depending on the location and roll, plus all levels are eligible for a monthly bonus on top of base pay. And, Meghan, maybe just a quick follow-up on the increased outlook for airfreight. Events & Presentations: Quarterly Reports: Annual Reports: SEC Filings: End of Day Stock Quote: Unsubscribe . "Our most loyal [customers] are incredibly loyal.". The US$500-million acquisition of Mirror was an "an important step in our strategy," said CEO McDonald. Our gross margin increases of 310 basis points relative to 2019 was driven by 290 basis points of leverage on occupancy depreciation and product team costs, and 60 basis points of favorability in foreign exchange, which was partially offset by a 40-basis-point decrease in product margin, driven by a 120-basis-point increase in airfreight related to COVID-19. , inc. (NASDAQ:LULU) today announced financial results for the fourth quarter and fiscal year ended Beginning of If we receive data about you in this manner, we combine that data with the personal data we collect directly from you. But everything we do around human connection, science of feel that's fueling that. endstream endobj 1933 0 obj <>stream The stores opened, he came back into the store, which stores still remain a wonderful acquisition vehicle for us to get new men into the business and into the brand. hTmO0+ EJ_B(e4&7qhiR%.H}sw< yH($#%qd%^`pN#BYhP.ISG0R#F 0F`Xeu^T^ Am =$^G$u^R"^:)EZxkrLFZ)?a>hS2e7Y1\ 1D7X?Z.YZj~@|bd$9zRj)T#a 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. SG&A expenses were $541 million or 37.3% of net revenue, compared to 39.1% of net revenue in Q2 2020 and 36% of net revenue in Q2 2019. The outbreak of the COVID-19 coronavirus has been declared a pandemic by the Our obsession with raw material and our investment in our product is what we do, is what we obsess about, and its really what drives why the guests feel different and continue to sort of be loyal to this product and brand. The next question comes from Brooke Roach with Goldman Sachs. . Direct to consumer net revenue increased 35%. Since our service providers are located around the world, please note that these disclosures involve cross-border transfers of your personal data as described in the Data Transfers section BELOW. in cash and cash equivalents compared to We're well-positioned within that TAM to address it in a very effective leading way. I'll handle the first half and then handle the second part to your question on breakeven over to Meghan. In particular, the way the test was set up, as you know, is it was a paid membership program, and our guests received a number of benefits linked to sweat. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Announces Fourth Quarter and Full Year Fiscal 2019 Results, https://www.businesswire.com/news/home/20200326005653/en/. Congrats on all the momentum. Here you will find key information and financial reports, putting the performance of lululemon athletica inc into perspective for you. After submitting your request, you will receive an activation email to the requested email address. Early innings is a great thing. , and we temporarily closed our distribution center in And really, we always saw a convergence between these two strategies. This was never more true than last year during the pandemic. And just as you look forward, could you just talk about if you see any of the current issues leading into spring? And as Calvin mentioned, we'll come back and update that plan as we move into next year. Looking at our store channel, total revenue increased 142% versus last year and 9% on a two-year CAGR basis. While women's products made up 69% of total revenue in fiscal 2020 . The underlying demand for our brand is strong. His start-up, Properly, is revolutionizing the art of the real estate transactionand racking up millions in VC capital. Please, go ahead. It has 2,000 ambassadors around the world and a team of guest educators helping gather feedback from customers and cultivating a global community around the brand using digital marketing and social media. Currently, the category represents mid-single-digit penetration, and we see an opportunity to grow this category into the low to mid-teens in the coming years. Third, even with the recovery in our stores, our e-commerce business remains solid. And while we are navigating temporary headwinds in our supply chain, which are impacting both top line and gross margin, we are pleased with our momentum headed into the second half. tax reform and taxes on the repatriation of foreign earnings during fiscal 2018. Are the opt-in rates a little bit lower than what you expected? tax reform and taxes on repatriation of foreign earnings. 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. I continue to be very encouraged with the usage numbers and engagement numbers that we're seeing with the MIRROR community. 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. 8. Announces Second Quarter Fiscal 2022 Results: PDF : 08/18/2022: lululemon athletica inc. And as you mentioned, with the revised guidance of -- we're looking to achieve between $6.2 billion, $6.3 billion this year, putting us two years ahead. A limited-edition capsule evolving fashion and function for the ever-expanding needs of modern life. June 2020 13 slides . 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 EPS guidance continues to assume modest dilution from MIRROR in the 3% to 5% range . We are so grateful for everyone's hard work and dedication. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that lululemon does not accept any responsibility or liability for these policies. Jul 2021 - Present1 year 9 months. Second, we saw further improvement in our brick-and-mortar channel with open stores generating productivity in line with 2019. Stores Closed Finally, our adjusted EBITDA for Q4 remained strong at 19.8 million . 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. We continue to expect to open 45 to 55 net new company-operated stores in 2021. 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. Let me now share more color on our second-quarter results, starting with product innovation. Europe lululemon hires its first-ever CBO to drive global brand and storytelling initiatives. 24. We now expect our fiscal year 2021 adjusted diluted earnings per share to be in the range of $7.38 to $7.48. (Non-GAAP), Tax on London, England, United Kingdom . And with that, we'll be happy to take your questions. And those scenarios played out. This range now assumes our e-commerce business grows in the mid-teens, relative to the outsized strength we experienced in 2020. endstream endobj 1932 0 obj <>stream Straight to your inbox. lululemon makes major five commitments to support the Black Lives Matter movement and meaningful, lasting change in the world. We continue to monitor the situation and work closely with local authorities to prioritize the safety of our people and guests. VANCOUVER, British Columbia lululemon investor presentation 2020. lululemon investor presentation 2020. Listen to Webcast. Just last week, we continued to build out our yoga offering through the introduction of the Instill franchise. The next question comes from Erin Murphy with Piper Sandler, please go ahead. And on a two-year CAGR basis, we are pleased to see an acceleration relative to our first quarter. Adjusted income tax expense, effective tax rates, and diluted earnings per share exclude the amounts recognized in connection with It's only a fraction of Nike's $41 billion top line, but that wide gap hints at the opportunity in front of the company. For example, this Privacy Policy does not apply to consumers located outside the EEA and Switzerland. I'm proud of our recent announcements to develop advanced raw materials that will help us live into our goals and create a healthier world. 08/13/20. We will be competitive to attract new members and we will continue to take a measured and responsible approach to the business. Guests took three back-to-back classes, and Lululemon matched all ticket sales, which were then donated to the Black Women's Health Imperative. And we're excited about the ability to scale it. Yes, I would say definitely view it as temporary in nature. And it's a reflection of building deeper relationships with our existing guys and spending more and continuing to acquire and bring in a new male guest into the business, and we will share the role men's plays in our future growth plans early next year when we sort of reset but it continues to be very strong across all markets around the globe, it's driven both by current spending more and our acquisition of new guests.