Unfortunately lululemon has changed the way they do their webcasts and todays webcast was done very late in the business day (4:30 EST on a Thursday) which is a typical defensive PR move (just think of when celebrities release statements, always right before a weekend if they don’t want it to receive traction in the press). Lululemon has always done their webcasts for earnings calls early in the morning PST time (12pm EST). Another change is that it is now only listenable ‘live’ without the option of pausing or rewinding or listening to the stream later. This means you have to be on the call at 4:30 EST sharp and actively listen to it from start to finish, which mean you will miss a lot of information if you do not have bionic hearing. The call is over now and it is being archived so I am unable to listen to it from where i had to leave off but hopefully we will have the transcript soon.
Lululemon Athletica Inc reported an increase in quarterly earnings on Thursday as sales rose, but its shares fell after it forecast earnings in the current quarter would be at or below consensus. < this is no surprise at all based on my observations and posts over the past few weeks. Price increases, missing fall merchandise, subdued colors etc. etc. etc.