Lululemon Athletica Inc. (NASDAQ:LULU) Q4 2018 Earnings Conference Call - Final Transcript

Mar 27, 2019 • 04:30 pm ET


Lululemon Athletica Inc. (NASDAQ:LULU) Q4 2018 Earnings Conference Call - Final Transcript


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Welcome to the lululemon athletica inc. Fourth Quarter and Year End 2018 Conference Call. As a reminder, all participants are in listen-only mode and the conference is being recorded. [Operator Instructions]

I would now like to turn the conference over to Howard Tubin, Vice President, Investor Relations for lululemon athletica inc. Please go ahead.

Howard Tubin

Thank you, and good afternoon. Welcome to lululemon's fourth quarter earnings conference call. Joining me today to talk about our results are Calvin McDonald, CEO; Stuart Haselden, COO; and PJ Guido, CFO.

Before we get started, I'd like to take this opportunity to remind you that our remarks today will include forward-looking statements reflecting management's current forecast of certain aspects of lululemon's future. These statements are based on current information, which we have assessed, but which by its nature is dynamic and subject to rapid and even abrupt changes.

Actual results may differ materially from those contained in or implied by these forward-looking statements due to risks and uncertainties associated with our business, including those we have disclosed in our most recent filings with the SEC, including our Annual Report on Form 10-K and our quarterly reports on Form 10-Q. Any forward-looking statements that we make on this call are based on assumptions as of today, and we expressly disclaim any obligation or undertaking to update or revise any of these statements, as a result of new information or future events.

During this call, we will present both GAAP and non-GAAP financial measures. A reconciliation of GAAP to non-GAAP measures is included in our Annual Report on Form 10-K and in today's earnings press release. The press release and accompanying report on Form 10-K are available under the Investors section of our website

Before we begin the call, I'd like to remind our Investors to visit our Investor site, where you'll find a summary of our key financial operating statistics for the fourth quarter, as well as our quarterly infographic. Today's call is scheduled for one hour. So please limit yourself to one question at a time to give others the opportunity to have their questions addressed.

And now I'd like to turn the call over to Calvin.

Calvin McDonald

Thank you, Howard, and welcome everyone to the fourth quarter earnings call. It was another successful quarter for lululemon, as the momentum in our business remained strong. In fact, these results cap off one of the strongest years ever for the Company. The leadership team is focused on leveraging the significant opportunities in front of us, both over the course of 2019 and in the coming years. And before going any further, I want to take a moment to express our sincere gratitude to our teams around the world. It is our educators, our store teams and our local brand and community partners around the globe, who create that special connection with our guests day in and day out.

Turning to our fourth quarter results, we are pleased with how the organization executed exceptionally well over the holiday