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Lululemon Athletica Inc. Message Board

  • bsquaredtrader bsquaredtrader Mar 22, 2012 7:30 AM Flag

    $0.51

    Not as good as whisper number but is it good enough to keep the rally going?

    For the fourth quarter ended January 29, 2012:

    -- Net revenue for the quarter increased 51.4% to $371.5 million from $245.4 million in the fourth quarter of fiscal 2010.

    -- Comparable stores sales for the fourth quarter increased by 26% on a constant dollar basis.

    -- Direct to consumer revenue increased 103.6% to $50.1 million, or 13.5% of net revenue, in the fourth quarter of fiscal 2011, from 10.0% of net revenue in the same period last year.

    -- Gross profit for the quarter increased by 45.7% to $209.0 million, and as a percentage of net revenue gross profit decreased to 56.3% for the quarter from 58.5% in the fourth quarter of fiscal 2010.

    -- Income from operations for the quarter increased by 62.8% to $116.1 million, and as a percentage of net revenue was 31.2% compared to 29.1% of net revenue in the fourth quarter of fiscal 2010.

    -- The tax rate for the quarter was 36.5% compared to 23.5% a year ago. The change in rate resulted from the prior year revision to managements plans for repatriation of unremitted earnings of the Canadian operating subsidiary.

    -- Presented on a post-split basis, diluted earnings per share for the quarter were $0.51 on net income of $73.5 million, compared to diluted earnings per share of $0.38 on net income of $54.8 million in the fourth quarter of fiscal 2010.

    For the fiscal year ended January 29, 2012:

    -- Net revenue for the fiscal year increased 40.6% to $1.0 billion from $711.7 million in fiscal 2010.

    -- Comparable stores sales for fiscal 2011 increased by 20% on a constant dollar basis, resulting in a record $2,004 annual sales per square foot for comp stores as at January 29, 2012.

    -- Direct to consumer revenue increased 85.4% to $106.3 million, or 10.6% of net revenue in fiscal 2011, from 8.1% of net revenue in fiscal 2010.

    -- Gross profit for fiscal 2011 increased by 44.1% to $569.3 million, from $394.9 million in fiscal 2010. As a percentage of net revenue, gross profit increased to 56.9% compared to 55.5% in fiscal 2010.

    -- Income from operations increased by 59.1% to $287.0 million, from $180.4 million in fiscal 2010. As a percentage of net revenue, income from operations increased to 28.7% compared to 25.3% of net revenue in fiscal 2010.

    -- The tax rate for fiscal 2011 was 36.1% compared to 33.3% for fiscal 2010. The change in tax rate was due to the proportional increase of taxable income in the United States compared to taxable income in Canada.

    -- Presented on a post-split basis, diluted earnings per share in fiscal 2011 increased 49.4% to $1.27 on net income of $184.1 million, compared to diluted earnings per share of $0.85 on net income of $121.8 million in fiscal 2010.

    The Company ended fiscal 2011 with $409.4 million in cash and cash equivalents compared to $316.3 million at the end of fiscal 2010. Inventory at the end of fiscal 2011 totaled $104.1 million compared to $57.5 million at the end of fiscal 2010. The Company ended the quarter with 174 stores in North America and Australia.

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    • extremely classy response. I aspire to be able to respond like that :-) not a good day for shorts but I believe you're right... that day will come, and yeah at the end of the day none of this really matters but it's sure a lot better for it to not matter in the green :-)

    • I wish you well. I don't root for others to lose money. Not even someone who has done the reverse to me over an extended period. It's called decency.

      I'm not worried. You folks live day to day. I focus on the big picture. This low volume run across the market has been overextended for some time, especially in stocks like LULU. Sure, I've lost, but I've increased my positions and used a put strategy where I will be far ahead of where I was when reality returns.

      Good luck...

    • Hey idiot, how is your b-hole feeling? A little red? LMFAO!!!

      I just puts today, will honor my stop if it closes above its 52 week high.

      How does that make you feel?

      LMFAO!!

    • I don't daytrade. I maintain core positions and adjust as necessary. It has worked against me pretty hard since November, but that is not my investing horizon. I am always looking out at least a year. Over the past 3 years I've doubled every year playing the same system, so I'm doing just fine even now...

      Didn't realize you were a front for LP...

    • Min:

      All the posts you want. Did the low volume market run and huge beta play by Lone Pine and others catch me off guard? Yes. Have I lost money on LULU now? Yes. Close to $40K total when I was up close to $50K at one point.

      So, I've been hit very hard in this rally. I'm the first to admit that. But, I will see it through and end up ahead.

      In the long run, real world economics matter. I'll be here for the weighing machine to beat the voting machine.

    • Crap is it now?......don't you think it's the other way round...look at your record...it stinks and I certainly wouldn't want to embarrass you by bringing up all your old posts which would make you cringe..you have a very short memory. (and I am ready for you if you want a serious walk down memory lane as I have kept 25 of your most memorable posts which look more than stupid today)

      Some friends took it up for a ride you say. And Seeking Alpha wants your opinion? Are you serious? Been telling you since last July that there was at least 3 times a week a 2 point swing, told you how to play the game, but you were not interested....

      Crap means BS
      Facts are facts.......and you ran out of facts a long time ago........

    • "Seeking Alpha" Oh dear!!!

    • BSq:

      They guided aggressively so Chip can continue dumping before the stock really gets hit.

      LULU will start missing in a material way this year. No one is factoring in the consumer spening slowdown to come.

      I'll be sitting patiently as funds distribute this stock to our MOMO chasing friends.

      • 1 Reply to techstrategy
      • Tech, they guided below Analysts estimates before they were raised in the last few weeks. The estimates are:
        Year:
        Lulu - 1.5 to 1.57;
        Analysts - $1.6 (1.39 - $1.75)
        Q1:
        Lulu - $0.28 to $0.29
        Analysts - $0.29 ($0.26 to $0.33)

        It will stay up likely through April to wipe out the Options - defintely the ones that expire on Friday.

        I have been talking to a lot of past Lulu enthusiasts and they are just tired of the prices always going higher at Lulu. They indicate that Lulu use to have great quality (better than anyone), but others are catching up and the premium for the name is no longer worth it. I am sure this is a small percentage, but the tide is changing.

    • inventory doubled from last year?

      that doesn't sound good

 
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