Lululemon Athletica Inc. (NASDAQ:LULU) Q3 2022 Earnings Call Transcript

Calvin McDonald: Thanks, Jay. We’re pleased with the results to-date. As you indicated, we have four SKUs within our footwear and each have performed well. It’s a combination. We’re seeing certain guests purchase multiple styles, and we’re seeing new guests enter either into Blissfeel or Chargefeel or into Strongfeel or Restfeel. Restfeel being our first dual-gender offering for both him and her and the other three being specific for our female guest built off of a last design on her foot. As we look forward, I’m excited about continuing to test and learn as we indicated, it doesn’t play a big role in our Power of Three x2 growth plan that we shared on Analyst Day, and it’s an exciting category for us. And we have the ability and we’ll take the ability to pace, to learn but we started with a very innovative unique positioning, and we’ll build from that.

And colors — from the Color Wave side, she’s been responding very well to the colors. I think that’s one of the unique positionings of it is our core colors and black and white are strong, but a lot of the unique Color Waves, she’s responded very well to. So it’s early for us excited about the results, and we’ll continue to test and learn and share more.

Operator: That’s all the time we have for questions today. Thank you for joining the call, and have a great day.