Shhh…can you hear that?…it’s the sound of little lulu lollies tap-tapping their keyboards infusing greatness into the internet …
Things sure have been quiet in Lululand, it’s like they’re plotting a devious plan to launch online retail and take over the internets with a blog, or something. But seriously, elevating the internet “from mediocrity to a place of greatness” is a lot of work you know? And after all the hubbub over exploiting Obama (‘Om’ bama) and offending everyone and their grandmothers with the political and racially tinged window displays, they could probably use some down time. Plus, we suspect sifting through all the monthly challenge submissions from lululemmings in preparation for further virtual exploits must be a daunting task.
Certainly these are crucial times for the lulus, and they’ve really got to ramp it up in the face of a crappy economy and new competitors prowling the gates. Stock is selling at $6.30 a share today, nothing close to the glory days of yesteryear when new stores were spreading like heat rash.
2008’s Q4 profits are expected to be pretty sour. Analysts project the dismal results:
With the average price of a top at $50 and $90 for a pair of pants, we believe the company’s revenue will decline as budget-conscious consumers cut back on discretionary spending and luxury-item purchases. Same-store sales decelerated significantly to the low single digits in the third quarter of 2008, down from double-digit same-store sales growth in prior periods. Given further deterioration in the retail environment in both the United States and Canada in the back half of 2008, we project Lululemon’s same-store sales will decline in the double digits in the fourth quarter.
Steep. But if you’re truly interested in how Lulu fared, especially those investi-yogis holding/selling lulu stock, clue in to the live conference call coming up on March 26. Info:
lululemon athletica inc. (NASDAQ: LULU; TSX: LLL) will be holding its fourth quarter fiscal 2008 earnings conference call on Thursday, March 26, 2009 at 4:30 p.m. EDT.
If you would like to participate in the call, please dial 1-888-417-8516 approximately 10 minutes prior to the start of the call.
A live web cast of the conference call will be available online at: http://investor.lululemon.com/events.cfm. A replay will be made available online approximately 2 hours following the live call for a period of 30 days.
Ohh…spring is already so exciting! We’re getting our wine glasses ready now – we still get free booze right? One can only pray our tax refund arrives by April.