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Lululemon Athletica (LULU)

lululemon athletica inc.is a healthy lifestyle inspired athletic apparel company for yoga, running, training, and most other sweaty pursuits, creating transformational products and experiences which enable people to live a life they love. Setting the bar in technical fabrics and functional designs, lululemon works with yogis and athletes in local communities for continuous research and product feedback.

Company profile

Ticker
LULU
Exchange
CEO
Calvin McDonald
Employees
Incorporated
Fiscal year end
Former names
Lululemon Corp.
SEC CIK
Subsidiaries
Lincoln Park LLC • Curiouser Products Inc. • lululemon usa inc. • Lululemon Callco ULC • Lulu Canadian Holding Inc. • lululemon athletica canada inc. • Curiouser Products Canada Inc. • lululemon athletica australia holding Pty Ltd. • lululemon australia Pty Ltd. • lululemon athletica new zealand limited ...
IRS number
203842867

LULU stock data

Calendar

1 Sep 22
28 Sep 22
2 Feb 23
Quarter (USD) Jul 22 May 22 Jan 22 Oct 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jan 22 Jan 21 Feb 20 Feb 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 498.83M 498.83M 498.83M 498.83M 498.83M 498.83M
Cash burn (monthly) 50.06M 55.93M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 96.18M 107.47M n/a n/a n/a n/a
Cash remaining 402.65M 391.36M n/a n/a n/a n/a
Runway (months of cash) 8.0 7.0 n/a n/a n/a n/a

Beta Read what these cash burn values mean

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Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
12 Sep 22 Henry Kathryn Common Stock Sell Dispose S No No 351.8043 189 66.49K 4,102
15 Jun 22 Kourtney Gibson Common Stock Buy Acquire P No No 280.12 200 56.02K 1,302
13 Jun 22 Meghan Frank Common Stock Payment of exercise Dispose F No No 278.58 104 28.97K 6,998
8 Jun 22 McNeill Jon Common Stock Grant Acquire A No No 0 487 0 7,423
8 Jun 22 Murphy Glenn Common Stock Grant Acquire A No No 0 487 0 103,390
58.9% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 947 954 -0.7%
Opened positions 123 106 +16.0%
Closed positions 130 184 -29.3%
Increased positions 333 336 -0.9%
Reduced positions 330 350 -5.7%
13F shares Current Prev Q Change
Total value 29.86B 39.24B -23.9%
Total shares 108.16M 107.83M +0.3%
Total puts 2.38M 3.07M -22.6%
Total calls 2.24M 2.83M -20.8%
Total put/call ratio 1.1 1.1 -2.3%
Largest owners Shares Value Change
FMR 18.42M $5.02B -1.0%
Vanguard 6.99M $1.9B +0.4%
BLK Blackrock 6.63M $1.81B +0.2%
TROW T. Rowe Price 6.2M $1.69B -30.6%
Wilson Dennis J. 4.85M $1.64B 0.0%
Jennison Associates 4.51M $1.23B +16.8%
WCM Investment Management 4.28M $1.21B -5.9%
Wellington Management 2.64M $718.41M -6.7%
STT State Street 2.62M $715.22M -4.1%
Artisan Partners Limited Partnership 1.76M $479.21M +7.6%
Largest transactions Shares Bought/sold Change
TROW T. Rowe Price 6.2M -2.74M -30.6%
Citadel Advisors 967.49K +938.28K +3211.6%
Jennison Associates 4.51M +648.75K +16.8%
Balyasny Asset Management 582.1K +519.59K +831.3%
Marsico Capital Management 420.84K +420.84K NEW
Marshall Wace 809.42K +356.46K +78.7%
AMP Ameriprise Financial 259.97K -323.69K -55.5%
Junto Capital Management 304.15K +304.15K NEW
Winslow Capital Management 1.27M +291.29K +29.8%
WCM Investment Management 4.28M -266.13K -5.9%

Financial report summary

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Risks
  • Our success depends on our ability to maintain the value and reputation of our brand.
  • The current COVID-19 coronavirus pandemic and related government, private sector, and individual consumer responsive actions have and could continue to affect our business operations, store traffic, employee availability, supply chain, financial condition, liquidity, and cash flow.
  • Changes in consumer shopping preferences, and shifts in distribution channels could materially impact our results of operations.
  • If any of our products have manufacturing or design defects or are otherwise unacceptable to us or our guests, our business could be harmed.
  • We operate in a highly competitive market and the size and resources of some of our competitors may allow them to compete more effectively than we can, resulting in a loss of our market share and a decrease in our net revenue and profitability.
  • Our sales and profitability may decline as a result of increasing costs and decreasing selling prices.
  • If we are unable to anticipate consumer preferences and successfully develop and introduce new, innovative, and differentiated products, we may not be able to maintain or increase our sales and profitability.
  • Our results of operations could be materially harmed if we are unable to accurately forecast guest demand for our products.
  • Our limited operating experience and limited brand recognition in new international markets and new product categories may limit our expansion and cause our business and growth to suffer.
  • We may not realize the potential benefits and synergies sought with the acquisition of MIRROR.
  • We may not be able to grow the MIRROR business and have it achieve profitability.
  • If we continue to grow at a rapid pace, we may not be able to effectively manage our growth and the increased complexity of our business and as a result our brand image and financial performance may suffer.
  • We are subject to risks associated with leasing retail and distribution space subject to long-term and non-cancelable leases.
  • We may not be able to successfully open new store locations in a timely manner, if at all, which could harm our results of operations.
  • Our future success is substantially dependent on the service of our senior management and other key employees.
  • Our business is affected by seasonality, which could result in fluctuations in our operating results.
  • Disruptions of our supply chain could have a material adverse effect on our operating and financial results.
  • We rely on international suppliers and any significant disruption to our supply chain could impair our ability to procure or distribute our products.
  • A relatively small number of vendors supply and manufacture a significant portion of our products, and losing one or more of these vendors could adversely affect our business and results of operations.
  • Our business could be harmed if our suppliers and manufacturers do not comply with our Vendor Code of Ethics or applicable laws.
  • The fluctuating cost of raw materials could increase our cost of goods sold.
  • If we encounter problems with our distribution system, our ability to deliver our products to the market and to meet guest expectations could be harmed.
  • Increasing labor costs and other factors associated with the production of our products in South Asia and South East Asia could increase the costs to produce our products.
  • We may be unable to safeguard against security breaches which could damage our customer relationships and result in significant legal and financial exposure.
  • Privacy and data protection laws increase our compliance burden.
  • Disruption of our technology systems or unexpected network interruption could disrupt our business.
  • Our technology-based systems that give our customers the ability to shop with us online may not function effectively.
  • Climate change, and related legislative and regulatory responses to climate change, may adversely impact our business.
  • Increased scrutiny from investors and others regarding our environmental, social, governance, or sustainability, responsibilities could result in additional costs or risks and adversely impact our reputation, employee retention, and willingness of customers and suppliers to do business with us.
  • An economic recession, depression, downturn, periods of inflation, or economic uncertainty in our key markets may adversely affect consumer discretionary spending and demand for our products.
  • Global economic and political conditions and global events such as health pandemics could adversely impact our results of operations.
  • We may be unable to source and sell our merchandise profitably or at all if new trade restrictions are imposed or existing restrictions become more burdensome.
  • Changes in tax laws or unanticipated tax liabilities could adversely affect our effective income tax rate and profitability.
  • Our failure to comply with trade and other regulations could lead to investigations or actions by government regulators and negative publicity.
  • Because a significant portion of our net revenue and expenses are generated in countries other than the United States, fluctuations in foreign currency exchange rates have affected our results of operations and may continue to do so in the future.
  • Our fabrics and manufacturing technology generally are not patented and can be imitated by our competitors. If our competitors sell products similar to ours at lower prices, our net revenue and profitability could suffer.
  • Our failure or inability to protect our intellectual property rights could diminish the value of our brand and weaken our competitive position.
  • Our trademarks, patents, and other proprietary rights could potentially conflict with the rights of others and we may be prevented from selling some of our products.
  • We have been, and in the future may be, sued by third parties for alleged infringement of their proprietary rights.
  • We are subject to periodic claims and litigation that could result in unexpected expenses and could ultimately be resolved against us.
  • Our business could be negatively affected as a result of actions of activist stockholders or others.

Content analysis

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Readability
H.S. sophomore Avg
New words: charitable, composed, decision, disposal, excise, macroeconomic, military, procure, recommerce, reopened, small
Removed: appellate, border, group, ocean, win, work