Lululemon Athletica Is Making A Big Move [Seeking Alpha]
lululemon athletica inc. (LULU)
Last lululemon athletica inc. earnings: 3/26 04:05 pm
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US:NASDAQ Investor Relations:
investor.lululemon.com
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Source: Seeking Alpha
SummaryThe management team at lululemon athletica announced plans to acquire rapidly-growing fitness company MIRROR.This move helps the lululemon in a number of ways to grow and diversify its business.Investors should see this as a continuation of the firm's long-term transition to relating directly to the customer.One of the fast-growing players in the athletic apparel market in recent years has been retailerLULUfinancial resultselected to acquireA look at the dealIn a press release issued by lululemon, the company announced its decision to acquire MIRROR in exchange for $500 million in cash, subject to some adjustments that might be made at the time of closing. At first glance, this may seem like an absurd price to pay for a company that launched in 2018, but according to lululemon, the firm has demonstrated its worth. This year, the company isslated to surpassMIRROR includes an app for its users, with a premium subscription package starting at $599.99 per year. It offers workout ro
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LULU
News
- Here's exactly what to buy from the new Lululemon pickleball collection [CNN]CNN
- Lululemon (LULU) Gains As Market Dips: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Team Canada goes for cool factor in Paris Games kit [Reuters]Reuters
- lululemon Unveils Team Canada Summer Athlete Kit for Paris 2024 Olympic and Paralympic Games in Partnership with the Canadian Olympic Committee and Canadian Paralympic CommitteeBusiness Wire
- Estimating The Intrinsic Value Of Lululemon Athletica Inc. (NASDAQ:LULU) [Yahoo! Finance]Yahoo! Finance
LULU
Earnings
- 3/21/24 - Beat
LULU
Sec Filings
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- LULU's page on the SEC website