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We also saw 10 basis points of unfavorable impact from foreign exchange.
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2024 Q3
26 Dec 23
The adjusted gross profit rate in Q3 increased 220 basis points versus last year and was driven primarily by the following: a 250 basis point increase in overall product margin driven primarily by lower freight costs as well as lower air freight usage. Fixed costs deleveraged 20 basis points in the quarter.
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2024 Q3
26 Dec 23
traffic was also strong across both channels with stores up over 30% and e-comm up approximately 30%
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2023 Q1
12 Jul 23
in quarter one, transactions by existing guests increased 22% and our transactions by new guests increased 28%
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2023 Q1
12 Jul 23
in terms of AUR, we're not expecting any material change to our AUR strategy in terms of the assortment
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2023 Q1
12 Jul 23
For the full-year, we now forecast gross margin to increase between 180 to 200 basis points versus 2022. The expansion relative to last year is driven predominantly by lower airfreight expense.
For the full-year, we now expect airfreight to be down approximately 190 basis points versus 2022. When looking at markdowns for the full-year, we continue to expect them to be relatively in line with last year in 2019.
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2023 Q1
12 Jul 23
The gross profit rate in Q1 increased 360 basis points versus last year and was driven primarily by the following: a 430 basis point increase in product margin, resulting predominantly from lower airfreight as well as regional mix. Markdowns were in line with last year.
Occupancy and depreciation leveraged 10 basis points in the quarter. These improvements were partially offset by a 30 basis point increase in product and supply chain costs driven by ongoing investment in product development and supply chain.
In addition, FX deleveraged by 50 basis points, which was predominantly offset by a 40 basis point FX benefit within SG&A.
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2023 Q1
12 Jul 23
This increase was driven primarily by lower air freight expense, partially offset by higher markdowns in merchandise mix.
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2022 Q4
12 Jul 23
30 basis point increase in product margin
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2022 Q4
12 Jul 23
q
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2022 Q4
12 Jul 23
This is the highest quarterly market share gain we've achieved since we began tracking these numbers in 2020
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2022 Q4
12 Jul 23
In fiscal quarter four, 2022, the adult active apparel industry decreased its U.S. revenue by 5% compared to the same period last year. And over this time period, lululemon gained 2.3 points of market share in the U.S., the most of any brand in this market according to NPD Group's Consumer Tracking service.
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2022 Q4
12 Jul 23
In quarter four, we delivered a nearly 30% increase in transactions by new guests and more than 35% increase in transactions by existing guests.
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2022 Q4
12 Jul 23
on the SG&A side, we're expecting 30 to 50 basis points of leverage, which would be driven by higher sales as well as a little bit of a benefit on the FX side within SG&A
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2022 Q3
9 Dec 22
we're obviously seeing some improvement in the supply chain environment
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2022 Q3
9 Dec 22
ocean delivery times are continuing to improve from the 70 days we experienced last quarter.
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2022 Q3
9 Dec 22
Our factories have now returned to pre-pandemic levels of production efficiency.
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2022 Q3
9 Dec 22
We continue to see improvements across our supply chain.
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2022 Q3
9 Dec 22
Do you still expect air freight to be a 10 basis point benefit to the full year?
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2022 Q3
9 Dec 22
as we look at Q4, we do expect that overall operating margin will have similar pressure as we did in Q3 in terms of FX.
So we had a net pressure of 40 basis points in Q3. We're expecting something similar for Q4. When we look overall at our operating margin for Q4, we see it expanding year-over-year in the 40 to 70 basis point range with our guidance versus last year in gross margin. We gave color of 10 to 20 basis points. We're seeing a benefit on product margin driven by lower air freight, which will be partially offset by normalized markdowns in line with our 2019 levels and then also mix of business.
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2022 Q3
9 Dec 22