Lululemon Athletica Inc. Files 8-K Report

TL;DR

LULU dropped an 8-K on 5/29, check financials.

AI Summary

On May 29, 2024, lululemon athletica inc. filed an 8-K report detailing the results of operations and financial condition. The filing also included other events and financial statements and exhibits. The report was filed on June 5, 2024.

Why It Matters

This filing provides an official update on lululemon's financial performance and operational events, which is crucial for investors to assess the company's current standing and future prospects.

Risk Assessment

Risk Level: low — This is a routine filing of financial and operational information, not indicating any immediate or significant new risks.

Key Players & Entities

• lululemon athletica inc. (company) — Registrant
• May 29, 2024 (date) — Date of earliest event reported
• June 5, 2024 (date) — Date of Report
• 1818 Cornwall Avenue Vancouver , British Columbia Canada , V6J 1C7 (address) — Principal executive offices

FAQ

Key Financial Figures

• $0.005 — ich registered Common Stock, par value $0.005 per share LULU Nasdaq Global Select Mar
• $1.0 billion — 2024, the board of directors approved a $1.0 billion increase to the Company's existing stoc

Filing Documents

• lulu-20240529.htm (8-K) — 28KB
• lulu-20240428xex991.htm (EX-99.1) — 181KB
• lulu-20240428xex992.htm (EX-99.2) — 55KB
• lulu-20240529_g1.jpg (GRAPHIC) — 74KB
• luluwordmark.jpg (GRAPHIC) — 109KB
• luluwordmark2a.jpg (GRAPHIC) — 109KB
• 0001397187-24-000023.txt ( ) — 860KB
• lulu-20240529.xsd (EX-101.SCH) — 2KB
• lulu-20240529_lab.xml (EX-101.LAB) — 22KB
• lulu-20240529_pre.xml (EX-101.PRE) — 13KB
• lulu-20240529_htm.xml (XML) — 3KB

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. On June 5, 2024, lululemon athletica inc. (the "Company") issued a press release announcing its financial results for the first quarter ended April 28, 2024 and certain other information. A copy of the Company's press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. As previously announced, the Company has scheduled a conference call for 4:30 p.m. Eastern time on June 5, 2024 to discuss its financial results.

01. Other Events

Item 8.01. Other Events. On May 29, 2024, the board of directors approved a $1.0 billion increase to the Company's existing stock repurchase program. The repurchase authorization has no time limit and does not require the repurchase of a minimum number of shares. Common shares may be repurchased on the open market, in block trades, or in privately negotiated transactions, including under plans complying with the provisions of Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934. The timing and actual number of common shares to be repurchased will depend upon market conditions, eligibility to trade, and other factors. As reported in the Company's fiscal 2023 Annual Report on Form 10-K filed with the SEC on March 21, 2024, during the fourth quarter of 2023, the Company made changes to its identified operating segments. For comparability purposes, it has recast the quarterly prior period segment data for fiscal 2023 to reflect the change and included this information in the attached Exhibit 99.2. This recast only affects the Company's segment reporting and does not change its consolidated operating net revenue, income from operations, or net income.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press release issued on June 5, 2024. 99.2 Segmented Information 104 Cover Page Interactive Data File (formatted in iXBRL)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. lululemon athletica inc. Dated: June 5, 2024 /s/ MEGHAN FRANK Meghan Frank Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR