lululemon athletica inc. Updates Guidance for the Fourth Quarter of Fiscal 2018 Ahead of the ICR Conference
For the fourth quarter of fiscal 2018, we now anticipate that net
revenue will be in the range of
We now expect diluted earnings per share will be in the range of
This guidance does not include certain discrete tax expenses related to U.S. tax reform and repatriation which we expect to recognize during the fourth quarter. This guidance also excludes the expected tax benefit from recent changes in legislation and guidance related to global intangible low-taxed income ("GILTI") taxes. We are in the process of quantifying these items.
Our revised guidance for the fourth quarter continues to assume 133.0 million diluted weighted-average shares outstanding.
"The momentum in our business remained strong throughout the holiday
season, reflecting the ongoing success of our product offerings and our
connection with guests around the globe. I speak for the entire
leadership team in thanking all our teams around the world for
delivering a strong 2018," said
Management will be meeting with analysts and investors at the
About lululemon athletica inc.
This press release includes estimates, projections, statements relating
to our business plans, objectives, and expected operating results that
are "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995, Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934. 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
forward-looking statements also include our guidance and outlook
statements. These statements are based on management's current
expectations but they involve a number of risks and uncertainties.
Actual results and the timing of events could differ materially from
those anticipated in the forward-looking statements as a result of risks
and uncertainties, which include, without limitation: our ability to
maintain the value and reputation of our brand; the acceptability of our
products to our guests; the impact of changes in tax laws, including
U.S. tax reform and repatriation as well as changes in GILTI taxes;
unanticipated tax liabilities; our highly competitive market and
increasing competition; our reliance on and limited control over
third-party suppliers to provide fabrics for and to produce our
products; an economic downturn or economic uncertainty in our key
markets; increasing product costs and decreasing selling prices; our
ability to anticipate consumer preferences and successfully develop and
introduce new, innovative and updated products; our ability to
accurately forecast guest demand for our products; our ability to
safeguard against security breaches with respect to our information
technology systems; any material disruption of our information systems;
our ability to have technology-based systems function effectively and
grow our e-commerce business globally; changes in consumer shopping
preferences and shifts in distribution channels; the fluctuating costs
of raw materials; our ability to expand internationally in light of our
limited operating experience and limited brand recognition in new
international markets; our ability to deliver our products to the market
and to meet guest expectations if we have problems with our distribution
system; imitation by our competitors; our ability to protect our
intellectual property rights; our ability to manage our growth and the
increased complexity of our business effectively; our ability to cancel
store leases if an existing or new store is not profitable; our ability
to source our merchandise profitably or at all if new trade restrictions
are imposed or existing trade restrictions become more burdensome;
increasing labor costs and other factors associated with the production
of our products in South and
Source: lululemon athletica inc.
lululemon athletica inc.
Joseph Teklits/Caitlin Morahan
lululemon athletica inc.