Wednesday, Dec. 7, 2005• lululemon founder sells stake for $108 million Vancouver Sun (Fiona Anderson)
July 27, 2007
• lululemon athletica inc. (LULU) IPO debuts on the NASDAQ Exchange and closes at $28 per share.
Sept. 11, 2007
Lululemon's net revenues soar 80% to $58.7 million for Q2 Vancouver Sun (Michael Kane)
Oct. 16, 2007
• lululemon athletica announces that comparable store sales will be higher than expected. The street had anticipated a growth rate (yoy) in the teens, but the Co notes strong volume and a strong Canadian dollar, then guides the street to a rate in the 30s. The stock moves from $41 to $47 in one session on 5.6 million shares - the heaviest trading since the IPO debut.
Oct. 17, 2007
• Following the Wachovia Consumer Growth Conference, LULU zooms for a second day in a row. The stock moves gains more than $6 to $53.70 (13.5%) on 3.1 million shares.
• Former Starbucks CFO Michael Casey joins lululemon athletica. Casey had been vice-president and CFO at Starbucks from 1995 to 2007.
Oct. 18, 2007
• Buoyed by participation at the Wachovia Consumer Growth Conference in New York, LULU arches more than 4% to 56.20 for an all-time high. Volume of 3.7 million shares gives the stock a gain for the third day in a row.
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