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lululemon athletica inc. Updates Guidance for Fourth Quarter of Fiscal 2016 Ahead of Presentation at the ICR Conference |
For the fourth quarter, we now anticipate that net revenue will be in
the range of
We also now expect diluted earnings per share will be in the range of
"We had a strong holiday season in both our store and digital channels
driven by our assortment, operational execution and guest
experience. Our entire team is excited about the momentum in the
business and I am grateful to our global collective for their great work
and enthusiasm. We look forward to 2017 as we continue to advance on our
long term goals," said
Management will be meeting with analysts and investors and presenting at
the About lululemon athletica inc.
Non-GAAP Financial Measures
A constant dollar change in total comparable sales is not a A constant dollar basis assumes the average foreign exchange rates for the current period remained constant with the average foreign exchange rates for the same period of the prior year. We provide the constant dollar change in total comparable sales because we use this measure to understand the underlying growth rate of net revenue excluding the impact of changes in foreign exchange rates. We believe that disclosing this measure on a constant dollar basis is useful to investors because it enables them to better understand the level of growth of our business. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or with greater prominence to, the financial information prepared and presented in accordance with GAAP. Forward-Looking Statements
This press release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934 that involve risks, uncertainties
and assumptions, such as statements regarding our future financial
condition or results of operations and our prospects and strategies for
future growth. 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 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, including
any negative publicity regarding our products or the production methods
of our suppliers or manufacturers; the acceptability of our products to
our guests, including receiving products that comply with our technical
specifications and quality standards; 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 customer 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 manage our growth and the increased complexity of our
business effectively; 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 customer
expectations if we have problems with our distribution system; imitation
by our competitors; our ability to protect our intellectual property
rights; changes in tax laws or unanticipated tax liabilities, capital or
financing needs in
View source version on businesswire.com: http://www.businesswire.com/news/home/20170109005452/en/ Source: lululemon athletica inc.
Investors:
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"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding lululemon athletica inc (PR)'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year. |