lululemon athletica inc. Reports Operating Results (10-Q)

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Sep 12, 2013
lululemon athletica inc. (LULU, Financial) filed Quarterly Report for the period ended 2013-08-04.

Lululemon Athletica, Inc. has a market cap of $7.83 billion; its shares were traded at around $69.02 with a P/E ratio of 37.17 and P/S ratio of 7.04. Lululemon Athletica, Inc. had an annual average earning growth of 57.1% over the past 5 years.

Highlight of Business Operations:

Throughout the first two quarters of fiscal 2013, we were able to grow our e-commerce business which has further increased our brand awareness and has made our product available in new markets, including those outside of North America. While the pull-back of black luon pants from our e-commerce sites negatively affected sales, net revenue from our direct to consumer channel increased 40% and represented 15.0% of total revenue in the first two quarters of fiscal 2013 compared to

We have three reportable segments: corporate-owned stores, direct to consumer and other. We report our segments based on the financial information we use in managing our businesses. While we receive financial information for each corporate-owned store, we have aggregated all of the corporate-owned stores into one reportable segment due to the similarities in the economic and other characteristics of these stores. Our direct to consumer segment accounted for 14.3% of our net revenue in second quarter of fiscal 2013, compared to 12.5% in the second quarter of fiscal 2012. Our other segment, consisting of sales to wholesale accounts, sales from company-operated showrooms, warehouse sales and outlets, accounted for less than 10% of our net revenue in the second quarters of fiscal 2013 and fiscal 2012.

Income from operations before general corporate expenses for the thirteen weeks ended August 4, 2013 and July 29, 2012 are expressed in dollar amounts as well as percentages, presented as a percentage of net revenue of their respective operating segments below.

Income from operations before general corporate expenses for the twenty-six week periods ended August 4, 2013 and July 29, 2012 are expressed in dollar amounts as well as percentages, presented as a percentage of net revenue of their respective operating segments below.

from operations as a percentage of corporate-owned stores revenue decreased by 560 basis points primarily from decreased gross margin in the first two quarters of fiscal 2013 compared to the first two quarters of fiscal 2012.

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