lululemon investor presentation 2020

For more information about the disclosure of your personal data, please refer to our Privacy Policy. We are now navigating an extraordinary environment, which is currently impacting our business. Specialty Retail. Description. If you are a member of the press and seeking more information on these stories and others, please contact media@lululemon.com. You may have the option to link your social media account to our social media account (such as on Facebook). A replay will be made available online approximately two hours following the live call for a period of 30 days. London, England, United Kingdom . Due to the 53rd week in fiscal 2018, comparable sales are calculated on a one week shifted basis in fiscal 2019. Thank you. It's definitely a combination of both. Guests want to engage deeper with us and each other, and they are willing to shift into the digital space to do so. And then with the shutting of our stores and other shifts that were happening as a result, we saw that business slow both in the industry as well as with ourselves, even though we are putting on market share. Michael Binetti -- Credit Suisse -- Analyst. of the Quarter, Gross Square This helps us to provide you with a good experience when you browse our websites and allows us to improve our websites. lululemon People Who Make Our Products: Achieve Fair Labor Association (FLA) accreditation, and make empowerment programs available to more than 100,000 makers across our supply chain by 2025. Athletic apparel retailer Lululemon Athletica Inc. on July 7 completed its $500 million acquisition of Curiouser Products Inc., according to a regulatory filing.. Curiouser Products, which does business as Mirror, is an at-home fitness company that offers weekly live classes, on-demand workouts and one-on-one personal training. The Motley Fool owns shares of and recommends Lululemon Athletica. for the fourth quarter. are compared to the 13 and 52 weeks ended Tesla shares tumbled after Wednesday's investor day was scant on details about future vehicles. , lululemon athletica UK Ltd, located at Garden House, 57-59 Long Acre, London, WC2E 9JL (lululemon, we or us) are the data controller for the personal data we process about you in connection with the Promotion. Sumner, WA. These jurisdictions may not provide the same level of data protection as your home jurisdiction and may not be considered by the European Commission to offer adequate protections for personal data. A right of rectification: You have the right to request that we correct or supplement inaccurate or incomplete personal data we process about you. for further information on these adjustments. h|]k\7~AV}!EJbrMv(}Gg64fW9GH)'FGNL5NgJD &b-Tj TN%O( .PF$r Announces First Quarter Fiscal 2022 Results . Speaking of the outlook, Lululemon reinstated a detailed annual forecast for the first time since the pandemic started. Made from our newest innovation in technical performance fabric called smooth cover, this fabric offers our hug sensation, which provides incredible support through every pose in your practice. Walmart Inc. (NYSE: WMT) hosted the virtual 2021 Investment Community Meeting on February 18, 2021. Lululemon is a yoga and exercise apparel company, whose business strategy is based on marketing a lifestyle rather than a product. And that really is rooted in a number of very unique attributes to our brand. %PDF-1.6 % Thank you so much. ; our ability to successfully open new store locations in a timely manner; our ability to comply with trade and other regulations; the service of our senior management; seasonality; fluctuations in foreign currency exchange rates; conflicting trademarks and the prevention of sale of certain products; our exposure to various types of litigation; actions of activist stockholders; anti-takeover provisions in our certificate of incorporation and bylaws; and other risks and uncertainties set out in filings made from time to time with the are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements. I continue to be very encouraged with the usage numbers and engagement numbers that we're seeing with the MIRROR community. Thanks. Square Footage Expressed in Thousands, Number of Search Thousands of Presentations by World Leading Companies, Join our mailing list to stay in the loop with updates and newest feature releases. In many cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "outlook," "believes," "intends," "estimates," "predicts," "potential" or the negative of these terms or other comparable terminology. These results reflect the ongoing strength across all major areas of the business. On a two-year CAGR basis, total revenue increased 28% with North America up 26% and International increasing 43%. And as I mentioned, we're going to stay within the guidance we gave on dilution, and we're going to leverage the strengths of the synergy and learned a ton this holiday. at the end of fiscal 2018. Drivers of the deleverage versus 2019 include consolidation of MIRROR's results this year but not in 2019, increased investments in brand-building for our growth initiatives and higher depreciation due to accelerating investment to support our e-commerce business in 2020 and 2021. Total To the extent possible, the team is looking to multi-source and leverage other countries, as well as prioritize fall holiday key styles to the best of their ability, and airfreight is a muscle that as a growth company, we often leverage and we continue to do so as we navigate the supply chain challenges in the second half. Now let me take a moment to share with you a few highlights from several exciting community activations we recently hosted throughout the quarter. Let me now share more color on our second-quarter results, starting with product innovation. As I've mentioned before, Lululemon's unique approach to product innovation is driven by our Science of Feel innovation platform. Announces Second Quarter Fiscal 2022 Earnings Conference Call, lululemon Expands International Footprint, Launching in Spain, lululemon athletica inc. Cost basis and return based on previous market day close. Our EPS guidance continues to assume modest dilution from MIRROR in the 3% to 5% range, excluding acquisition and integration-related costs. "Lululemon hosting a workshop to resist capitalism while selling us $180 yoga pants is peak 2020," wrote Kevin Duffey on Twitter. Lululemon saw encouraging demand for its core products, in addition to its launches in new lines like menswear and outerwear. Let me now shift to MIRROR. The membership test gave us access to thousands of guests that were behaving in this way in MIRROR, at the end of this year is going to give us access to hundreds of thousands. Thank you. Looking at our store channel, total revenue increased 142% versus last year and 9% on a two-year CAGR basis. Please note that our websites and communications may contain links to third-party websites that are not controlled or operated by lululemon. is paul troutman still on oak island; is it sunnah to kiss your wife on forehead. The enhancements were continuing to make to our desktop and mobile sites, which include expanding our alternative payment methods, improved storytelling, more predictive search, and more seamless checkout, all combined to continue to elevate their online guest experience. Thanks for taking my question and congrats on the results here. And we've established multi-year targets. E-commerce comps skyrocketed 170% in Europe last quarter, and management is continuing to move forward with new store openings in Greater China. Be first to know about our newest products, limited-time offers, community events, and more. When looking at SG&A for the full year, we now expect deleverage of 10 to 30 basis points versus 2020. 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. 2020 was a year unlike any otherand it presented both challenges and opportunities as world events shifted around us. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. 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. For all other inquiries, please contact gec.emea@lululemon.com. For detailed information on the cookies we use and the purposes for which we use them, see our Cookie Policy. These statements are based on management's current expectations but they involve a number of risks and uncertainties. Thank you, Howard, and I'd like to welcome everyone to our second-quarter earnings call. As a reminder, all participants are in listen-only mode and the conference is being recorded. Fostered and maintained various relationships with athletic/wellness influencers and business owners in order to promote products, create and execute community events, find and maintain brand ambassadors and increase social media engagement. U.S. Here you will find key information and financial reports, puttingtheperformance oflululemon athleticaincinto perspective for you. We only share with service providers the personal data that they need to perform services for us. Here you will find key information and financial reports, putting the performance of lululemon athletica inc into perspective for you. Internet Retail. If we think about the holiday environment coming, how are you thinking about maybe some opportunities that could be presented around pricing, if we are in an environment where a lot of companies are having trouble sourcing the units they need, or they would want to really fulfill the demand -- the consumer demand that's out there? In 2020, the company reported total revenue of $4. E-commerce growth accelerated from 41% during the fiscal fourth quarter to 70% last quarter on a constant-currency basis. Not only were these initiatives the right thing to do for our people, but they kept our workforce whole and have enabled us to reopen stores with a full complement of educators and leadership teams and they are directly contributing to the strong results we've generated over the last several quarters. A right to data portability: In certain circumstances, you have the right to request that we provide the personal data which you provided to us in a structured, commonly used and machine-readable format, and you have the right to transmit such data to another controller without hindrance from lululemon. Do you view this as transitory? And finally, I am pleased to share that our adjusted earnings per share for the quarter were $1.65 versus $0.96 in 2019, which is significantly ahead of our expectations. 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. d. Professional Advisors. Looking at our business over the course of the second quarter and the first half of the year, I continue to be excited about our day-to-day progress. I think everybody is saying I think it's now 150 to 200 basis points of negative impact for the year. The appointments accelerate the companys continued focus on growth, global innovation, and diversity and inclusion. The press release and accompanying quarterly report on Form 10-Q are available under the Investors section of our website at www. Great results. Lululemon Athletica. U.S. , Our ability to sustain momentum quarter after quarter and year after year, and the incredible long-term prospects for our brand. For more information and to view the 2020 Impact Agenda, click here. Exciting, thanks. Leverage in the quarter versus Q2 2020 resulted from a sales increase relative to the COVID-impacted quarter last year. As I've said before, Lululemon remains in the early innings of our growth story, and I continue to be inspired and excited with the momentum we're seeing across the business. We continue to expect to open 45 to 55 net new company-operated stores in 2021. the Beginning Fantastic. Feb. 18, 2021 | 7:00 AM US/Central. Announces First Quarter Fiscal 2022 Results, lululemon athletica inc. This article is a transcript of this conference call produced for The Motley Fool. Very pleased with our international business, very pleased with growth across every market we are in.Now, different markets have been impacted differently from COVID.As you know, Australia, New Zealand in particular right now, is where the bulk of our global store closures are taking place but even with that, our online business is doing very well. We also transfer personal data to service providers that process personal data for us in the United States, Canada and other locations (as an example, Amazon Web Services process information for us in various data center locations, including those listed at HTTPS://AWS.AMAZON.COM/ABOUT-AWS/GLOBAL-INFRASTRUCTURE/). Luxury Goods. inc. We believe these adjusted financial measures are useful to investors in evaluating the trend in our operating performance as the adjustments do not directly relate to our ongoing business operations. boxer zchter saarland; neil postman: wir informieren uns zu tode errterung While in another jurisdiction for processing, your personal data may be accessed by the courts, law enforcement, and national security authorities of that jurisdiction. Third, even with the recovery in our stores, our e-commerce business remains solid. Water and Waste: Reduce freshwater use intensity by 50 percent to manufacture our products, and reduce single-use plastic packaging by 50 percent by 2025. February 2, 2020 As a reminder, we reported EPS of $0.96 in Q3 of 2019. rather than Calvin, can you talk about the investments in renewable materials and the stance on sustainability that you're taking? And the membership tests, although very effective, the challenge, COVID aside, was that it was challenged to scale, it was rooted in physical, and we couldn't offer it everywhere. We are so grateful for everyone's hard work and dedication. During the quarter, we opened 11 net new stores. A right of erasure: You have the right to request that we delete personal data about you. Oct 07, 2021. c. Corporate Transactions. Meghan will have more to share regarding inventory and costs in a few moments. I guess, I imagine it was a challenge to get reads on the tests given everything that's been going on in the last 18 months, but I mean do you still see an opportunity to have a loyalty program that exists outside of the MIRROR platform or what form might that take? EVP Celeste Burgoyne makes a pledge to offer leading mental wellbeing benefits to employees. And really, we always saw a convergence between these two strategies. Trending: Addressable Market . Q2 spend relates primarily to store capital for new locations, relocation and renovations, supply chain investment, and technology spend to support our business growth. Auto Parts . endstream endobj 1933 0 obj <>stream Overview Investor presentations and pitch decks by companies in Consumer Cyclical sector Filter. We expect gross margin in Q3 to increase 50 to 100 basis points versus Q3 of 2019. The next question comes from Jay Sole with UBS. 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. For more information about our privacy practices, please refer to our privacy policy available in our stores or on our website at https://www.lululemon.co.uk/en-gb/legal/privacy.html for UK residents or https://www.eu.lululemon.com/en-lu/content/privacy.html for EU resident (Privacy Policy). February 3, 2019 inc. (NASDAQ:LULU) 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. A few more details related to these results: in 2020, we achieved our goal to double our e-commerce business. Sign up to our emails to join The lululemon Community and enjoy 10% off your next order. . Making the world smarter, happier, and richer. This growth rate continues to outpace our three-year CAGR of 19% leading up to the pandemic, and also represents an acceleration from the 25% two-year CAGR we reported in quarter 1 of this year. June 2020 13 slides . The adjustments relate to the amounts recognized in connection with A right to revoke your consent: When our processing is based on your consent, you have the right to revoke such consent at any time. We respect your privacy and won't spam you. A live webcast of the conference call will be available online at: http://investor.lululemon.com/events.cfm. , Canada In Chicago, beginning in July and running through October, Lululemon is partnering with Urban Juncture Foundation to host a community pop-up on Chicago's Southside in the Boxville marketplace. For example, if you decide to participate in certain interactive areas or features of our websites, such as creating a public profile and posting your goals, you consent to the disclosure of this information to other users of our websites. Results are great. 8. Equally, we know that the pandemic drove forward, accelerated some of the guest behaviors that play to the strength of our brand. For days in the city, or on the sofa. It's Calvin. Check your inbox: your 10% off code is on its way. 0001172661-23-001474.xls. Sign Up. Transfers to Canada are made pursuant to European Commission decision 2002/2/EC of 20 December 2001. , we temporarily closed all of our retail locations in Let me add my congrats. lululemon athletica I mean, these are just really stellar results. July 1, 2022; trane outdoor temp sensor resistance chart . People Who Make Our Products Sub Navigation. Announces Second Quarter Fiscal 2022 Results, lululemon athletica inc. . Finally, our adjusted EBITDA for Q4 remained strong at 19.8 million . rather than or I'm sure you remember last year when heading into COVID, our men's business was leading growth over women's. Let me now share with you the details of our Q2 performance. Additionally . Turning to EPS. Great. Our partnership with LanzaTech, a biotech company, which allows us to create the world's first yarn and fabric using recycled carbon emissions. Is that -- some -- the gross margin happens to be a lot higher without some of these supply chain pressures and some of this is just cyclical than structural? lululemon makes major five commitments to support the Black Lives Matter movement and meaningful, lasting change in the world. 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. And now, back to Calvin for some closing remarks. $518.5 million Lululemon finished fiscal 2019 with $3.98 billion in revenue. We now have MIRROR shop-in-shops in a 150 Lululemon store, and our plans call for 200 shops in time for the holiday season. Investor Presentation. Embrace hands-free happiness with our edit of bags for workouts and hangouts. The acquisition will strengthen lululemons omni guest experiences through digital sweat. The legal basis for this processing is the performance of the agreement between you and lululemon related to the Promotion. Our Unique Proposition; News & Events. If I could just ask one more question, switching gears for a second. We share personal data with our legal, financial, insurance and other advisors in connection with the kinds of corporate transactions described above or in connection with the management of all or part of lululemons business or operations. 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. U.S. About Howard Tubin Dec 10, 2020. Erin Hankinson Understanding we'll be hearing more next year, but just any initial thoughts you can share on how we should be thinking about your top-line growth algorithm beyond 2021 and how, if at all, the drivers may change versus the prior plan? Inventories at the end of fiscal 2019 increased by 28% to View All; SEC Filings. And then I guess just to wrap that question up, how does this impact the concept's ability to reach breakeven? are compared to the 52 weeks ended And we achieved these results based upon our performance before, during, and as we emerge from COVID-19. 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. The outbreak of the COVID-19 coronavirus has been declared a pandemic by the Or maybe said differently, do you believe that TAM coming out of this crisis is larger, broadly multiyear for the Lulu brand or are you taking accelerated market share, or is it a combination of both? Early innings is a great thing. So it really supports the early earnings in growth across multiple levers. hTA0 nCms!B4 CG/=jL;;DAV About. So I think the -- I know the TAM has been impacted by those macro trends. Combined, these give us a unique strength to keep growing MIRROR. lululemon athletica UK Ltd, located at Garden House, 57-59 Long Acre, London, WC2E 9JL, and our corporate affiliates and subsidiaries, including lululemon athletica inc., lululemon UK ltd.lululemon usa inc. and lululemon athletica canada inc. (collectively, "lululemon," "we," or "us") are the data controllers for the personal data we process about you.