Fourth quarter earnings greater 13% to $3.6 billion. Diluted EPS of $6.14
Complete yr earnings greater 10% to $10.6 billion. Diluted EPS of $14.64VANCOUVER, British Columbia–(BUSINESS WIRE)–
lululemon athletica inc. (NASDAQ:LULU) as of late introduced monetary effects for the fourth quarter and monetary yr ended February 2, 2025.
Calvin McDonald, Leader Govt Officer, said: “Our fourth quarter effects exceeded our expectancies as we persisted to introduce extra newness and innovation into our product collection. Our efficiency demonstrates the continuing power and resilience of lululemon and is a testomony to the eagerness and determination of our groups world wide. As we start 2025, we stay all in favour of executing on our Energy of 3 ×2 expansion plan and handing over an exhilarating pipeline of innovation and emblem activations for our visitors and communities.”
The adjusted non-GAAP monetary measures underneath exclude asset impairment and different fees identified in the case of lululemon Studio right through 2023, and the comparable source of revenue tax results of these things.
For the fourth quarter of 2024, in comparison to the fourth quarter of 2023:
Internet earnings greater 13% to $3.6 billion, or 14% on a relentless greenback foundation.
Americas web earnings greater 7%, or 8% on a relentless greenback foundation.
World web earnings greater 38%, or 40% on a relentless greenback foundation.
Except for web earnings from the 53rd week of 2024, web earnings greater 8%.
Related gross sales, which excludes web earnings from the 53rd week of 2024, greater 3%, or 4% on a relentless greenback foundation.
Americas related gross sales had been flat in comparison to the fourth quarter of 2023.
World related gross sales greater 20%, or 22% on a relentless greenback foundation.
Gross benefit greater 15% to $2.2 billion and gross margin greater 100 foundation issues to 60.4%.
Source of revenue from operations greater 14% to $1.0 billion and running margin greater 40 foundation issues to twenty-eight.9%.
The efficient source of revenue tax fee for the fourth quarter of 2024 was once 29.2% in comparison to 28.1% for the fourth quarter of 2023.
Diluted profits in step with proportion had been $6.14 in comparison to $5.29 within the fourth quarter of 2023.
The Corporate repurchased 0.9 million of its stocks for a value of $332.2 million.
The Corporate opened 18 web new company-operated shops right through the quarter, finishing with 767 shops.
For 2024 in comparison to 2023:
Internet earnings greater 10% to $10.6 billion, or greater 11% on a relentless greenback foundation.
Americas web earnings greater 4%.
World web earnings greater 34%, or 36% on a relentless greenback foundation.
Except for web earnings from the 53rd week of 2024, web earnings greater 8%.
Related gross sales, which excludes web earnings from the 53rd week of 2024, greater 4%.
Americas related gross sales lowered 1%.
World related gross sales greater 22%, or 24% on a relentless greenback foundation.
Gross benefit greater 12% to $6.3 billion. Adjusted gross benefit greater 11%.
Gross margin greater 90 foundation issues to 59.2%. Adjusted gross margin greater 60 foundation issues.
Source of revenue from operations greater 17% to $2.5 billion. Adjusted source of revenue from operations greater 12%.
Working margin greater 150 foundation issues to 23.7%. Adjusted running margin greater 50 foundation issues.
The efficient source of revenue tax fee was once 29.6% for 2024 in comparison to 28.8% for 2023. The adjusted efficient tax fee was once 28.7% for 2023.
Diluted profits in step with proportion had been $14.64 in comparison to $12.20 in 2023. Adjusted diluted profits in step with proportion had been $12.77 in 2023.
The Corporate repurchased 5.1 million stocks for a value of $1.6 billion.
The Corporate added 56 web new company-operated shops right through the yr, together with 14 company-operated shops from the purchase of the Mexico operations, finishing with 767 shops.
Meghan Frank, Leader Monetary Officer, said: “We’re happy to ship any other forged yr of efficiency in 2024 and surpass $10 billion in annual earnings for the primary time. We sit up for construction on our expansion in 2025, whilst closing agile as we navigate ongoing macro uncertainties. There are vital alternatives forward for the lululemon emblem and we’re assured in our talent to proceed developing long-term price for all our stakeholders.”
Steadiness Sheet Highlights
The Corporate ended 2024 with $2.0 billion in money and money equivalents and it had $393.9 million of to be had capability beneath its dedicated revolving credit score facility.
Inventories on the finish of 2024 greater through 9% to $1.4 billion.
Fiscal 2025 Outlook
For the primary quarter of 2025, the Corporate expects web earnings to be within the vary of $2.335 billion to $2.355 billion, representing expansion of 6% to 7%. Diluted profits in step with proportion are anticipated to be within the vary of $2.53 to $2.58 for the quarter. This assumes a tax fee of roughly 30%.
For 2025, the Corporate expects web earnings to be within the vary of $11.150 billion to $11.300 billion, representing expansion of five% to 7%, or 7% to eight% aside from the 53rd week of 2024. Diluted profits in step with proportion are anticipated to be within the vary of $14.95 to $15.15 for the yr. This assumes a tax fee of roughly 30%.
The steering does now not mirror attainable long run repurchases of the Corporate’s stocks.
The steering and outlook forward-looking statements made on this press unencumber are in keeping with control’s expectancies as of the date of this press unencumber and don’t incorporate long run unknown affects, together with macroeconomic traits. The Corporate undertakes no responsibility to replace or to proceed to supply knowledge with appreciate to any forward-looking statements or possibility elements, whether or not because of new knowledge or long run occasions or instances or another way. Exact effects and the timing of occasions may vary materially from the ones expected in those forward-looking statements because of dangers and uncertainties, together with the ones said underneath.
Energy of 3 ×2
The Corporate’s Energy of 3 ×2 expansion plan requires a doubling of the trade from 2021 web earnings of $6.25 billion to $12.5 billion through 2026. The important thing pillars of the plan are product innovation, visitor enjoy, and marketplace growth.
Convention Name Knowledge
A convention name to talk about 2024 effects is scheduled for as of late, March 27, 2025, at 4:30 p.m. Jap time. The ones focused on collaborating within the name are invited to dial 1-844-763-8274 or 1-647-484-8814, if calling the world over, roughly 10 mins previous to the beginning of the decision. A are living webcast of the convention name might be to be had on-line at: A replay might be made to be had on-line roughly two hours following the are living name for a length of 30 days.
About lululemon athletica inc.
lululemon athletica inc. (NASDAQ:LULU) is a technical athletic attire, sneakers, and equipment corporation for yoga, operating, coaching, and maximum different actions, developing transformational merchandise and studies that construct significant connections, unlocking larger chance and wellbeing for all. Atmosphere the bar in innovation of materials and useful designs, lululemon works with yogis and athletes in native communities world wide for steady analysis and product comments. For more info, talk over with lululemon.com.
Non-GAAP Monetary Measures
Consistent greenback adjustments and changed monetary effects are non-GAAP monetary measures.
A continuing greenback foundation assumes the common foreign currencies trade charges for the length remained consistent with the common foreign currencies trade charges for a similar length of the prior yr. The Corporate supplies consistent greenback adjustments in its effects to assist buyers perceive the underlying expansion fee of web earnings aside from the affect of adjustments in foreign currencies trade charges.
For 2023, adjusted gross benefit, gross margin, source of revenue from operations, running margin, source of revenue tax expense, efficient tax charges, web source of revenue, and diluted profits in step with proportion exclude sure stock provisions, asset impairments, and restructuring prices identified in the case of lululemon Studio, and the comparable source of revenue tax results of these things. The Corporate believes those adjusted monetary measures are helpful to buyers as they supply supplemental knowledge that permit analysis of the underlying development in its running efficiency, and permit a comparability to its historic monetary knowledge. Additional, because of the finite and discrete nature of these things, it does now not imagine them to be customary running bills which might be important to run the trade, or impairments which might be anticipated to stand up within the customary process its operations.
Control makes use of those adjusted monetary measures and loyal foreign money metrics internally when reviewing and assessing monetary efficiency.
The Corporate’s fiscal yr ends at the Sunday closest to January thirty first of the next yr, generally leading to a 52-week yr, however every now and then giving upward thrust to an extra week, leading to a 53-week yr. Fiscal 2023 was once a 52-week yr whilst 2024 was once a 53-week yr. Fiscal 2025 might be a 52-week yr. The web earnings adjustments aside from the 53rd week exclude web earnings for the 53rd week of 2024. This allows an analysis of the year-over-year building up in web earnings in keeping with 52 weeks in each and every yr.
The presentation of this monetary knowledge isn’t supposed to be thought to be in isolation or as an alternative to, or with larger prominence to, the monetary knowledge ready and introduced in response to GAAP. For more info on those non-GAAP monetary measures, please see the segment captioned “Reconciliation of Non-GAAP Monetary Measures” incorporated within the accompanying monetary tables, which contains extra element at the GAAP monetary measure this is maximum without delay related to each and every non-GAAP monetary measure, and the comparable reconciliations between those monetary measures. The Corporate’s non-GAAP monetary measures could also be calculated otherwise from, and subsequently might not be without delay related to, in a similar fashion titled measures reported through different corporations.
Ahead-Having a look Statements:
This press unencumber comprises estimates, projections, statements when it comes to the Corporate’s trade plans, goals, and anticipated running effects which might be “forward-looking statements” inside the which means of the Non-public Securities Litigation Reform Act of 1995, Segment 27A of the Securities Act of 1933 and Segment 21E of the Securities Trade Act of 1934. In lots of circumstances, you’ll be able to establish forward-looking statements through phrases similar to “would possibly,” “will,” “must,” “expects,” “plans,” “anticipates,” “outlook,” “believes,” “intends,” “estimates,” “predicts,” “attainable” or the unfavorable of those phrases or different related terminology. Those forward-looking statements additionally come with the Corporate’s steering and outlook statements. Those statements are in keeping with control’s latest expectancies however they contain plenty of dangers and uncertainties. Exact effects and the timing of occasions may vary materially from the ones expected within the forward-looking statements because of dangers and uncertainties, which come with, with out limitation: the Corporate’s talent to care for the price and popularity of its emblem; its extremely aggressive marketplace and extending festival; its talent to look ahead to shopper personal tastes and effectively expand and introduce new, leading edge and differentiated merchandise; the acceptability of its merchandise to visitors; expanding prices and reducing promoting costs; its talent to as it should be forecast visitor call for for its merchandise; its talent to make bigger in mild of its restricted running enjoy and restricted emblem reputation in new world markets and new product classes; its talent to control its expansion and the greater complexity of its trade successfully; adjustments in shopper buying groceries personal tastes and shifts in distribution channels; its leasing of retail and distribution house; its talent to draw, organize, and retain extremely certified folks; seasonality; its talent to safeguard towards safety breaches with appreciate to its know-how techniques; its compliance with privateness and information coverage rules; any subject matter disruption of its knowledge techniques; its talent to have technology-based techniques serve as successfully and develop its e-commerce trade globally; disruptions of its provide chain; its reliance on a quite small selection of distributors to offer and manufacture a good portion of its merchandise; providers or producers now not complying with its Seller Code of Ethics or acceptable rules; fluctuating prices of uncooked fabrics; its talent to ship its merchandise to the marketplace and to satisfy visitor expectancies if it has issues of its distribution device; expanding hard work prices and different elements related to the manufacturing of its merchandise in South Asia and South East Asia; local weather trade, and comparable legislative and regulatory responses; greater scrutiny relating to its environmental, social, and governance, or sustainability obligations; an financial recession, melancholy, or downturn or financial uncertainty in its key markets; world financial and political prerequisites; its talent to supply and promote its products profitably or in any respect if new industry restrictions are imposed or current industry restrictions transform extra burdensome; adjustments in tax rules or unanticipated tax liabilities; its talent to conform to industry and different laws; fluctuations in foreign currencies trade charges; world or regional well being occasions such because the COVID-19 pandemic and comparable govt, non-public sector, and particular person shopper responsive movements; imitation through its competition; its talent to give protection to its highbrow assets rights; conflicting logos and patents and the prevention of sale of sure merchandise; its publicity to quite a lot of kinds of litigation; and different dangers and uncertainties set out in filings made once in a while with the US Securities and Trade Fee and to be had at www.sec.gov, together with, with out limitation, its most up-to-date experiences on Shape 10-Okay and Shape 10-Q. You might be suggested to imagine those elements sparsely in comparing the forward-looking statements contained herein and are cautioned to not position undue reliance on such forward-looking statements, which can be certified of their entirety through those cautionary statements. The forward-looking statements made herein discuss simplest as of the date of this press unencumber and the Corporate undertakes no legal responsibility to publicly replace such forward-looking statements to mirror next occasions or instances, with the exception of as could also be required through legislation.
lululemon athletica inc.
The fiscal yr ended February 2, 2025 is known as “2024” and the fiscal yr ended January 28, 2024 is known as “2023”. The Corporate’s subsequent fiscal yr ends on February 1, 2026 and is known as “2025.”
Condensed Consolidated Statements of OperationsUnaudited; Expressed in 1000’s, with the exception of in step with proportion quantities
Fourth Quarter
Fiscal 12 months
2024
2023
2024
2023
Internet earnings
$
3,611,497
$
3,205,103
$
10,588,126
$
9,619,278
Prices of products bought
1,429,545
1,301,678
4,317,315
4,009,873
Gross benefit
2,181,952
1,903,425
6,270,811
5,609,405
As a share of web earnings
60.4%
59.4%
59.2%
58.3%
Promoting, normal and administrative bills
1,138,167
989,535
3,762,379
3,397,218
As a share of web earnings
31.5%
30.9%
35.5%
35.3%
Impairment of goodwill and different belongings, restructuring prices
—
—
—
74,501
Amortization of intangible belongings
1,617
—
2,735
5,010
Source of revenue from operations
1,042,168
913,890
2,505,697
2,132,676
As a share of web earnings
28.9%
28.5%
23.7%
22.2%
Different source of revenue (expense), web
15,360
17,830
70,380
43,059
Source of revenue sooner than source of revenue tax expense
1,057,528
931,720
2,576,077
2,175,735
Source of revenue tax expense
309,125
262,252
761,461
625,545
Internet source of revenue
$
748,403
$
669,468
$
1,814,616
$
1,550,190
Fundamental profits in step with proportion
$
6.15
$
5.30
$
14.67
$
12.23
Diluted profits in step with proportion
$
6.14
$
5.29
$
14.64
$
12.20
Fundamental weighted-average stocks exceptional
121,683
126,228
123,735
126,726
Diluted weighted-average stocks exceptional
121,895
126,584
123,935
127,060
lululemon athletica inc. Condensed Consolidated Steadiness SheetsUnaudited; Expressed in 1000’s
February 2,
2025
January 28,
2024ASSETS
Present belongings
Money and money equivalents
$
1,984,336
$
2,243,971
Inventories
1,442,081
1,323,602
Pay as you go and receivable source of revenue taxes
182,253
183,733
Different latest belongings
371,632
309,271
General latest belongings
3,980,302
4,060,577
Belongings and gear, web
1,780,617
1,545,811
Proper-of-use hire belongings
1,416,256
1,265,610
Goodwill and intangible belongings, web
171,191
24,083
Deferred source of revenue taxes and different non-current belongings
254,926
195,860
General belongings
$
7,603,292
$
7,091,941
LIABILITIES AND STOCKHOLDERS’ EQUITY
Present liabilities
Accounts payable
$
271,406
$
348,441
Gathered liabilities and different
559,463
348,555
Gathered reimbursement and comparable bills
204,543
326,110
Present hire liabilities
275,154
249,270
Present source of revenue taxes payable
183,126
12,098
Unredeemed reward card legal responsibility
308,352
306,479
Different latest liabilities
37,586
40,308
General latest liabilities
1,839,630
1,631,261
Non-current hire liabilities
1,300,637
1,154,012
Non-current source of revenue taxes payable
—
15,864
Deferred source of revenue tax legal responsibility
98,188
29,522
Different non-current liabilities
40,790
29,201
Stockholders’ fairness
4,324,047
4,232,081
General liabilities and stockholders’ fairness
$
7,603,292
$
7,091,941
lululemon athletica inc. Condensed Consolidated Statements of Money FlowsUnaudited; Expressed in 1000’s
Fiscal 12 months
2024
2023
Money flows from running actions
Internet source of revenue
$
1,814,616
$
1,550,190
Changes to reconcile web source of revenue to web money equipped through running actions
458,097
745,974
Internet money equipped through running actions
2,272,713
2,296,164
Internet money utilized in making an investment actions
(798,174
)
(654,132
)
Internet money utilized in financing actions
(1,652,508
)
(548,828
)
Impact of foreign currencies trade fee adjustments on money and money equivalents
(81,666
)
(4,100
)
Build up (lower) in money and money equivalents
(259,635
)
1,089,104
Money and money equivalents, starting of yr
$
2,243,971
$
1,154,867
Money and money equivalents, finish of yr
$
1,984,336
$
2,243,971
lululemon athletica inc. Reconciliation of Non-GAAP Monetary MeasuresUnaudited; Expressed in 1000’s, with the exception of in step with proportion quantities Consistent greenback adjustments
The underneath adjustments in web earnings and related gross sales display the trade in comparison to the corresponding length within the prior yr. Related gross sales exclude web earnings from the 53rd week of 2024.
Fourth Quarter 2024
Fiscal 2024Net Earnings
Trade
Overseas
trade
Trade in
consistent
bucks
Trade
Overseas
trade
Trade in
consistent
dollarsUnited States
5
%
—
%
5
%
2
%
—
%
2
%
Canada
11
5
16
10
3
13
Mexico(1)
n/a
n/a
n/a
n/a
n/a
n/a
Americas
7
1
8
4
—
4
China Mainland
46
2
48
41
2
43
Remainder of Global
30
3
33
27
2
29
General world
38
2
40
34
2
36
General
13
%
1
%
14
%
10
%
1
%
11
%
Fourth Quarter 2024
Fiscal 2024Comparable Gross sales (2)
Trade
Overseas
trade
Trade in
consistent
bucks
Trade
Overseas
trade
Trade in
consistent
dollarsAmericas
—
%
—
%
—
%
(1
)%
—
%
(1
)%
China Mainland
26
1
27
25
2
27
Remainder of Global
14
3
17
19
1
20
General world
20
2
22
22
2
24
General
3
%
1
%
4
%
4
%
—
%
4
%
_____________
(1)
On September 10, 2024, the Corporate bought the lululemon branded retail places and operations run through a 3rd birthday party in Mexico. Wholesale gross sales to the 3rd birthday party through lululemon athletica canada inc. previous to the purchase are disclosed as web earnings identified inside of Canada.
(2)
Related gross sales comprises related company-operated retailer and e-commerce web earnings. Related company-operated shops had been open for no less than 12 complete fiscal months, or open for no less than 12 complete fiscal months after being considerably expanded. Related company-operated shops exclude shops which were quickly relocated for renovations or had been quickly closed. Corporate-operated shops bought because of the purchase of the Mexico operations might be thought to be related starting October 2025, after 12 complete fiscal months of gross sales from the date of acquisition.
Internet earnings trade aside from the 53rd week
The Corporate’s fiscal yr ends at the Sunday closest to January thirty first of the next yr, generally leading to a 52-week yr, however every now and then giving upward thrust to an extra week, leading to a 53-week yr. Fiscal 2024 was once a 53-week yr whilst 2023 was once a 52-week yr. Fiscal 2025 might be a 52-week yr.
The underneath adjustments display the trade for 2024 in comparison to the corresponding length in 2023 through geographic house and channel, together with in consistent bucks.
Fourth Quarter 2024
Trade
Have an effect on of
53rd week
Trade
aside from the
53rd week
(non-GAAP)
Overseas
Trade
Consistent
greenback trade
aside from the
53rd week
(non-GAAP)United States
5
%
(4
)%
1
%
—
%
1
%
Canada
11
(5
)
6
5
11
Mexico
n/a
n/a
n/a
n/a
n/a
Americas
7
(5
)
2
1
3
China Mainland
46
(8
)
38
1
39
Remainder of Global
30
(8
)
22
4
26
General world
38
(8
)
30
2
32
General
13
%
(5
)%
8
%
1
%
9
%
Corporate-operated shops
18
%
(6
)%
12
%
1
%
13
%
E-commerce
8
%
(4
)%
4
%
1
%
5
%
Fiscal 2024
Trade
Have an effect on of
53rd week
Trade
aside from the
53rd week
(non-GAAP)
Overseas
Trade
Consistent
greenback trade
aside from the
53rd week
(non-GAAP)United States
2
%
(1
)%
1
%
—
%
1
%
Canada
10
(2
)
8
3
11
Mexico
n/a
n/a
n/a
n/a
n/a
Americas
4
(2
)
2
1
3
China Mainland
41
(2
)
39
2
41
Remainder of Global
27
(2
)
25
1
26
General world
34
(2
)
32
1
33
General
10
%
(2
)%
8
%
1
%
9
%
Corporate-operated shops
14
%
(2
)%
12
%
1
%
13
%
E-commerce
6
%
(2
)%
4
%
1
%
5
%
The underneath adjustments display the trade for 2024 in comparison to the corresponding length in 2023 through class.
Fourth Quarter 2024
Fiscal 2024
Trade
Have an effect on of
53rd week
Trade
aside from the
53rd week
(non-GAAP)
Trade
Have an effect on of
53rd week
Trade
aside from the
53rd week
(non-GAAP)
Ladies’s product
11
%
(5
)%
6
%
9
%
(2
)%
7
%
Males’s product
17
(5
)
12
14
(2
)
12
Different classes
13
(4
)
9
10
(2
)
8
General
13
%
(5
)%
8
%
10
%
(2
)%
8
%
The underneath adjustments display the predicted trade for 2025 in comparison to the corresponding length in 2024.
Fiscal 2025
Anticipated web earnings building up
5% to 7%
Have an effect on of 53rd week
1% to two%
Anticipated web earnings building up aside from the 53rd week (non-GAAP)
7% to eight%
Adjusted monetary measures
The next desk reconciles probably the most without delay related measures calculated in response to GAAP with the adjusted monetary measures for 2023. The changes relate to sure stock provisions, asset impairments, and restructuring prices identified in the case of lululemon Studio, and their comparable tax results. Please discuss with Observe 9. Impairment of Goodwill and Different Property, Restructuring Prices incorporated in Merchandise 8 of Section II of the Corporate’s Record on Shape 10-Okay to be filed with the SEC on or about March 27, 2025 for additional knowledge at the nature of those quantities. There have been no adjusted monetary measures for 2024.
Fiscal 2023
Gross
Benefit
Gross
Margin
Source of revenue
from
Operations
Working
Margin
Source of revenue Tax
Expense
Efficient
Tax Charge
Internet
Source of revenue
Diluted
Income
In step with Proportion
GAAP effects
$
5,609,405
58.3
%
$
2,132,676
22.2
%
$
625,545
28.8
%
$
1,550,190
$
12.20
lululemon Studio fees:
lululemon Studio obsolescence provision
23,709
0.3
23,709
0.2
23,709
0.19
Impairment of belongings
44,186
0.5
44,186
0.35
Restructuring prices
30,315
0.3
30,315
0.24
Tax impact of the above
26,085
(0.1
)
(26,085
)
(0.21
)
23,709
0.3
98,210
1.0
26,085
(0.1
)
72,125
0.57
Adjusted effects (non-GAAP)
$
5,633,114
58.6
%
$
2,230,886
23.2
%
$
651,630
28.7
%
$
1,622,315
$
12.77
lululemon athletica inc. Corporate-operated Retailer Rely and Sq. Pictures(1)Sq. pictures expressed in 1000’s
Selection of
Shops Open
on the
Starting of
the Quarter
Selection of
Shops
Opened
All through the
Quarter
Selection of
Shops Closed
All through the
Quarter
Selection of
Shops Open
on the Finish of
the Quarter
1st Quarter 2024
711
5
5
711
2d Quarter 2024
711
11
1
721
third Quarter 2024
721
28
—
749
4th Quarter 2024
749
21
3
767
General Gross
Sq. Toes at
the Starting
of the Quarter
Gross Sq.
Toes Added
All through the
Quarter(2)
Gross Sq.
Toes Misplaced
All through the
Quarter(2)
General Gross
Sq. Toes at
the
Finish of the Quarter
1st Quarter 2024
2,967
35
14
2,988
2d Quarter 2024
2,988
90
3
3,075
third Quarter 2024
3,075
156
—
3,231
4th Quarter 2024
3,231
153
12
3,372
_____________
(1)
Corporate-operated retailer depend and sq. pictures abstract excludes retail places operated through 3rd events beneath license and provide preparations.
(2)
Gross sq. toes added/misplaced right through the quarter comprises web sq. foot additions for company-operated shops which were renovated or relocated within the quarter.
View supply model on businesswire.com: Contacts:
lululemon athletica inc.
Howard Tubin
1-604-732-6124
or
ICR, Inc.
Joseph Teklits
1-203-682-8200
Media Touch:
lululemon athletica inc.
Madi Wallace
1-604-732-6124
Supply: lululemon athletica inc.
