Lululemon Athletica Inc. (NASDAQ:LULU) Q4 2023 Earnings Call Transcript March 21, 2024 4:30 PM ET

Company Participants

Howard Tubin - VP, IR
Calvin McDonald - CEO
Meghan Frank - CFO

Conference Call Participants

Alex Straton - Morgan Stanley
Lorraine Hutchinson - Bank of America
Brooke Roach - Goldman Sachs
Mark Altschwager - Baird
Matthew Boss - JPMorgan
Dana Telsey - Telsey Advisory Group
John Kernan - TD Cowen
Kelly Crago - Citigroup
Abbie Zvejnieks - Piper Sandler
Ike Boruchow - Wells Fargo

Operator

Thank you for standing by. This is the conference operator. Welcome to the Lululemon Athletica Inc. Fourth Quarter 2023 Conference Call. As a reminder, all participants are in listen-only mode, and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. [Operator Instructions]

I would now like to turn the conference over to Howard Tubin, Vice President, Investor Relations for Lululemon Athletica. 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; and Meghan Frank, 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 by which 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. In addition, the comparable sales metrics given on today's call are on a constant dollar basis. The press release and accompanying report on Form 10-K are available under the Investors section of our website at www.lululemon.com.