Lululemon Athletica, Inc., in 2017: Can the Company Get Back on Track? a. Gross profit margins declined each year from FY 2013 to FY 2015 (declining from 52.8% to 48.4% in FY 2015). However, in fiscal 2016, gross profit margins increased to 51.2%.
b. Average sales per company-owned stores open at least one year have increased every year since FY 2013 and so have sales per gross square foot.
c. Average sales per company-owned stores open at least one year have declined every year since FY 2012, as have sales per gross square foot; however, the number of company-owned stores had also increased to a five-year high.
d. Lululemon's four-year Net Profit grew at a CAGR of 2.8%.
e. Following the falloff in sales at lululemon's stores, the company still has much work to do to be able to compete with such brands like Nike, Adidas-Reebok, and Under Armour.
f. In 2016, net cash provided by operating activities increased to a five-year high.
g. Free cash flows (Net cash provided by operating activities - Capital expenditures) at lululemon continue to decline; there is little cash flow internally.
h. Lululemon's 4-year Net Revenue grew at a CAGR of 14.4%.