Share this Story : Ottawa firefighters evacuate Sandy Hill apartment for carbon monoxide Copy Link Email X Reddit Pinterest LinkedIn Tumblr Breadcrumb Trail Links News Local News Ottawa firefighters evacuate Sandy Hill apartment for carbon monoxide High levels of carbon monoxide were discovered in the building, forcing residents from their homes late Saturday. Author of the article: Staff Reporter Published Nov 24, 2024 • Last updated 24 minutes ago • 1 minute read Join the conversation You can save this article by registering for free here . Or sign-in if you have an account. An Ottawa Fire Services truck in a file photo. Photo by Ashley Fraser / POSTMEDIA Article content A low-rise Sandy Hill building was evacuated by Ottawa firefighters late Nov. 23 after a carbon monoxide alarm was triggered for the second time. When they arrived, fire crews found carbon monoxide levels as high as 36 parts per million at the building on Robinson Ave., Ottawa Fire Services said on the social media site X. The maximum safe exposure level to carbon monoxide in a home is 25 parts per million over an hour, and 10 parts per million in a day, according to Health Canada. Advertisement 2 Story continues below This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Elizabeth Payne, David Pugliese, Andrew Duffy, Bruce Deachman and others. Plus, food reviews and event listings in the weekly newsletter, Ottawa, Out of Office. Unlimited online access to Ottawa Citizen and 15 news sites with one account. Ottawa Citizen ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. Support local journalism. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Elizabeth Payne, David Pugliese, Andrew Duffy, Bruce Deachman and others. Plus, food reviews and event listings in the weekly newsletter, Ottawa, Out of Office. Unlimited online access to Ottawa Citizen and 15 news sites with one account. Ottawa Citizen ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. Support local journalism. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Sign In or Create an Account Email Address Continue or View more offers If you are a Home delivery print subscriber, unlimited online access is included in your subscription. Activate your Online Access Now Article content Crews had to call in Enbridge Gas workers to turn off the apartment building’s boilers and air exchanger. Firefighters used high-powered fans to vent the building, and about two hours after arriving, confirmed carbon monoxide levels had dropped to zero, and residents were allowed to return. There were no reported injuries. The fire service said the building superintendent was advised to have the building’s boiler and ventilation system inspected. Our website is your destination for up-to-the-minute news, so make sure to bookmark our homepage and sign up for our newsletters so we can keep you informed. Recommended from Editorial Old knee injury no reason to avoid Sunday shifts: labour relations board Ottawa's death toll from drug overdoses appears headed for new record in 2024 Article content Share this article in your social network Share this Story : Ottawa firefighters evacuate Sandy Hill apartment for carbon monoxide Copy Link Email X Reddit Pinterest LinkedIn Tumblr Comments You must be logged in to join the discussion or read more comments. Create an Account Sign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. Trending Wife of abusive CFB Petawawa soldier seeks $12 million in damages from military Local News Government auctioning off 'rare' Pokémon card from surplus list Public Service Ottawa's death toll from drug overdoses appears headed for new record in 2024 News Ottawa councillor's profane outburst with daycare staff 'bullying and intimidation' News Old knee injury no reason to avoid Sunday shifts: labour relations board News Read Next Latest National Stories Featured Local SavingsTwo former Belfry Pirates recently received All-Conference honors for their strong play in the 2024 gridiron season. University of Pikeville offensive lineman Jordan Scott was named as a First Team Member on the All-Appalachian Athletics Conference Team while University of Charleston lineman Ethan Wolford was chosen as an Honorable Mention selection in the Mountain East Conference. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.What better way to for Land Rover to show off the capabilities of the Defender than by entering it in the world’s toughest off-road race? The British marque has announced that a Defender will compete in the 2026 edition of the Dakar Rally . The move is part of a multi-year partnership between the automaker and the notoriously difficult race that will run through at least 2028. It’s easy to see why Land Rover would want to work with the Dakar Rally. Since it was first held in 1979, the rally has widely been regarded as the world’s most challenging off-road race. It originally stretched from Paris to Dakar, Senegal, but has been held in Saudi Arabia since 2020. Last year’s rally saw contestants in two- and four-wheeled off-road vehicles traverse across nearly 3,000 miles of the world’s toughest terrain over the course of two weeks. The fact that the automaker, which is owned by JLR, wants to enter the Defender in the grueling rally shows how much faith it has in the popular model. The announcement included no details about the version of the SUV will run in the 2026 race, but Land Rover has plenty of options to choose from. Earlier this year, the marque introduced the high-performance Octa variant , which has a twin-turbocharged mild-hybrid 4.0-liter V-8 with mild hybrid technology that makes 626 hp and 553 ft lbs of torque easily making it the most powerful Defender in history. “Anyone who loves motorsport will have a passion for Dakar,” James Barclay, the managing director of JLR, said in a statement. “It’s the Everest of motorsport and an event where success is dependent as much on human determination in the toughest of conditions as it is ultimate test for vehicle and engineering capability.” Land Rover will have a good sense of how the Defender will handle itself at Dakar well before the SUV makes its competitive debut. As part of the multi-year partnership, Land Rover will be supplying a fleet of Defenders to organizers to use as support vehicles during next year’s race. Six Defenders will also be used to test routes for future Dakar events. The 2025 Dakar Rally will run from January 3 to January 17.
PHILADELPHIA (AP) — Saquon Barkley wanted to be a student in team history before he had a chance to make some with the Eagles. The running back who had just signed with Philadelphia for $26 million guaranteed took a deep dive on some of the franchise’s greats out of the backfield. He learned about Wilbert Montgomery. Brushed up on LeSean McCoy. Barkley then put them in his sights — and this week against Carolina, he could become the top single-season rusher in Eagles history. Get past those two Eagles Hall of Famers and the target narrows: McCoy has a chance to break Eric Dickerson's NFL single-season rushing mark of 2,105 yards, set in 1984. “That's your goal,” Barkley said. “You want to come in here, you want to leave a legacy on a place, on a franchise.” Here's where things stand with Barkley in his pursuit of records: — Barkley has an NFL-best 1,499 yards rushing through 12 games, an average of 124.9 yards per game. At that pace and with one more game to play than Dickerson, he would surpass the NFL mark that's stood for 40 years. — Barkley needs to run for 108 yards against the Panthers to break McCoy's Eagles record of 1,607 yards set in 2013. Montgomery ran for 1,512 yards in 1978. “I'm aware of the things I can accomplish,” Barkley said. “The way I accomplish that is sticking to the script.” The Eagles (10-2) have won eight straight to take control of the NFC East and remain in the hunt for the No. 1 seed in the conference. Barkley — with a little help from Jalen Hurts — has largely led the way and moved into MVP consideration. The former New York Giant also ranks third in the league with 11 rushing touchdowns. It's reasonable to expect Barkley to pile on the yards against Carolina (3-9). The Panthers are 32nd in the league against the run and just allowed Tampa Bay's Bucky Irving to run for a career-high 152 yards last week (he had never broken 100). “It’s incredible what he is doing. The record has stood up for a while. I mean 17 games or 14 games, it’s ridiculous,” Panthers defensive lineman Shy Tuttle said. “It’s a record that has been held for a long time and whoever breaks it, Saquon or someone else, it’s an incredible achievement.” Barkley leads the NFL with four rushing touchdowns of 25-plus yards this season and tied Montgomery for the most 100-yards games in an Eagles season with eight. “You get to see the player on Sundays. We get to see the person every other day during the week,” offensive coordinator Kellen Moore said. “He’s special. At the end of the day, he’s a special teammate, special person. The way he connects with everyone, rallies everyone together. He’s one of the best.” Panthers running back Chuba Hubbard is eager to get back on the field and put last week behind him. Carolina’s leading rusher had a costly fumble in overtime last Sunday against Tampa Bay as the Panthers were driving for a potential game-winning field goal, resulting in a 26-23 loss to division rival Tampa Bay. A dejected Hubbard remained on the bench for several minutes after the loss. “You definitely use it as motivation,” Hubbard said. “I have come a long way and I know what it’s like to play great football. That was a big mistake on my end, but I don’t just lose all of the work I have put in because of that one mistake.” Bryce Young is beginning to show he can be a factor with his legs, scoring on a 10-yard run last week against the Buccaneers. However, Young still receives plenty of good-natured ribbing from his teammates when it comes to his sliding ability, which the QB has previously admitted is limited because he wasn’t much of a baseball player. “He definitely has to work on his slide,” Hubbard said. “He has been making people miss so he hasn’t had to slide like that a lot. I mean I’m not trying to hate on my dog’s slide but it’s just a work in progress. He will be all right.” Panthers guard Robert Hunt said it’s always interesting playing in Philadelphia because of the team’s passionate fan base. Last year, while Hunt was playing for the Dolphins, he said an Eagles fan attempted to board the Miami team bus. “They have some characters there — some people who don’t really give a damn,” Hunt said. “He was trying to trash-talk us. But he was confident and that is what makes them them.” Hunt said the fan never made it on the bus. “Aw hell no, we would have stomped that boy,” Hunt said with a laugh. “He tried. He was talking his noise. Good for him. I don’t want to say you want a fan base like that, but you want a fan base that cares about the team.” AP Sports Writer Steve Reed in Charlotte, North Carolina, contributed to this report. AP NFL: https://apnews.com/NFLJamichael Stillwell scores 22 to lead Milwaukee to 69-65 victory over St. Thomas-Minnesota
The 50 Best Christmas Movies of All Time
This is at once a wise and wonderfully enjoyable book. Mark Lilla treats weighty matters with a light touch, in an elegant prose style that crackles with dry wit. Almost every one of the short sections into which the narrative is divided – and there is a narrative, cunningly sustained within what seems a relaxed discursiveness – takes careful aim and at the end hits the bullseye with a sure and satisfying aphoristic thwock. The central premise of the book is simply stated: "How is it that we are creatures who want to know and not to know?" Lilla, professor of humanities at Columbia University, New York, and the author of a handful of masterly studies of the terrain where political and intellectual sensibilities collide, is an acute observer of the vagaries of human behaviour and thought in general, and of our tendency to self-delusion in particular. He has a genius for the telling epigraph, of which there are many here, set like jewels throughout the text. The first of these, and the most emblematic, is taken from George Eliot's novel Daniel Deronda: "It is a common sentence that knowledge is power; but who hath duly considered or set forth the power of ignorance?" This latter form of power, he tells us, is the subject he means to address. His book is certainly timely. As he notes, there are certain epochs, and surely we are slap bang in the middle of one, when "evident truth" is cast aside in favour of all manner of imbecile imaginings. "Mesmerised crowds still follow preposterous prophets, irrational rumours trigger fanatical acts, and magical thinking crowds out common sense and expertise." There, encapsulated in a sentence, is the predicament we face in our present-day social and political lives. It is remarkable how many instances Lilla finds of the wriggly measures humans adopt in order not to look facts in the face At the outset he... John BanvilleIs Secret Santa stressing you out? Here’s your holiday gift-exchange survival guide
MILWAUKEE (AP) — Jamichael Stillwell had 22 points in Milwaukee's 69-65 win over St. Thomas on Sunday. Stillwell added eight rebounds for the Panthers (5-2). Aaron Franklin had 15 points and eight rebounds. AJ McKee added nine points. Drake Dobbs led the way for the Tommies (4-4) with 16 points and five assists. Kendall Blue added 11 points and Miles Barnstable scored 10 with two steals. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .Share Tweet Share Share Email Morgans, one of Australia’s leading financial advisory firms, is under scrutiny as a wave of negative feedback emerges regarding its portfolio management services. With numerous clients voicing dissatisfaction, Morgans reviews paint a troubling picture of underperforming stock recommendations, poor communication, and unmet expectations. A Troubling Trend in Morgans Reviews Clients across Australia have been sharing their frustrations about the services provided by Morgans. Many believed they were entrusting their investments to a reliable and professional firm, only to experience significant losses. Michael Carter, a Year-old small business owner from Sydney, shared: “I read a few positive Morgans reviews and decided to give them a try. Unfortunately, it was one of the worst financial decisions I’ve ever made. The stocks they recommended plummeted, and I lost nearly 40% of my initial investment in just six months. Their lack of communication only made things worse.” Similarly, Susan Thompson, a retiree from Melbourne, reflected on her experience: “Based on their reputation and glowing Morgans reviews, I thought they were the right choice to handle my retirement savings. They assured me of stable growth, but the results were disastrous. One of their top recommendations lost over 60% of its value. I’ve since moved to a more reliable firm.” Questionable Investment Strategies Clients have highlighted concerns about the firm’s investment strategies, with many questioning the research and logic behind their stock recommendations. Poor performance seems to be a recurring theme in Morgans reviews. David Johnson, an investor from Perth, explained: “They marketed themselves as experts in the field, but their recommendations told a different story. Out of the 12 stocks in my portfolio, 10 turned into losses within months. I regret not looking more critically at other Morgans reviews before signing up.” Brisbane resident Emma White echoed similar concerns: “Their stock choices seemed poorly researched. They pushed me into sectors I wasn’t familiar with, and the results were devastating. After seeing other Morgans reviews , I realized my experience wasn’t unique.” Communication Breakdown Another major complaint from clients is Morgans’ lack of communication during times of financial uncertainty. Many Morgans reviews highlight that clients struggled to receive clear guidance or updates about their investments. James Walker, an IT consultant from Adelaide, shared his frustration: “When my portfolio started losing value, I reached out multiple times for advice. It took weeks to get a response, and even then, their answers were vague and unhelpful. After reading other Morgans reviews, it became clear I wasn’t alone in feeling abandoned by their team.” Calls for Greater Accountability The repeated issues described in Morgans reviews have led clients to demand better accountability and transparency. Many believe that Morgans needs to reassess its approach to portfolio management and prioritize the needs of its clients. Linda Brown, a nurse from Hobart, summarized the frustrations of many: “It’s clear from so many Morgans reviews that they’re not meeting client expectations. They need to improve their communication, stock research, and overall client care. Until they make those changes, I wouldn’t recommend their services to anyone.” The Way Forward As dissatisfaction grows, the concerns raised in Morgans reviews indicate a need for the firm to take immediate action. Addressing client grievances and improving service quality will be essential for Morgans to rebuild trust. In an industry where reputation is critical, the recurring issues highlighted in Morgans reviews serve as a reminder that consistent performance and client care are paramount. Without these changes, Morgans risks losing its credibility and standing in the competitive financial market. Related Items: Clients Question Morgans' Approach to Portfolio Management , Morgans' Approach to Portfolio Management Share Tweet Share Share Email Comments
Leader of South Korean ruling party to oppose president’s impeachmentBlack Friday is the biggest shopping event of the year in the U.S. and an excellent opportunity to bag yourself a TV deal. Plenty of high-quality TVs are on sale this weekend, so you’re sure to nab a bargain if you act fast. Amazon makes an event out of Black Friday and often has excellent deals throughout Cyber Monday. Last updated on Nov. 30, 2024, at 2 a.m. ET. In this article: LG 65-Inch Class OLED evo C4 Series Smart TV , SAMSUNG 75-Inch Class QLED 4K LS03D The Frame Series Quantum HDR Smart TV , and TCL 55-Inch Class QLED 4K Smart NXTFRAME TV . Thanks to its NanoCell technology, this TV offers exceptionally rich color, with a sharp and clear 4K display. It’s easy to control with your voice, with built-in Alexa and compatibility with Google Assistant, Apple AirPlay and Apple HomeKit. You can choose from six sizes between 43 and 86 inches. You’re bound to get a decent discount on this high-end TV. The OLED screen contains millions of pixels that are independently lit, for incredibly rich and lifelike color. It has some great features, such as a gallery mode for displaying art when you’re not watching TV, a powerful a9 AI Processor that can do AI Super Upscaling and built-in voice control support. The impressive OLED display lights pixels individually to give you true blacks and more lifelike color reproduction. The gaming mode is especially beneficial for anyone with a next-gen console, like the PS5 or Xbox Series X. With dynamic crystal color, an ultrapowerful processor and 4K upscaling, this is a TV you’ll be pleased to own — especially if you get a decent Black Friday deal. It works with multiple voice assistants, or you can use a standard remote to control your TV the old-fashioned way. Its Airslim sleek profile will even help it blend in with the rest of your decor. Perfect for anyone who thinks their TV ruins the decor in their living room, The Frame from Samsung can display a static picture so that it looks like a frame art print when not in use. It also has a certified glare-free matte display to make the artwork look printed on the screen. When the TV is being used, it has great picture quality thanks to a 4K resolution, Pantone Validated ArtfulColor (exclusive to The Frame series TVs) and quantum dot technology. This TV has some great high-end features, including an ultraslim design (at only 1.1 inches deep), HDR ULTRA with Dolvy Vision IQ for rich color and QLED PRO Quantum Dot technology for enhanced contrast and accurate colors. The Game Accelerator 240 and Auto Game Mode provide low-latency gameplay, meaning gamers never need to miss a thing during fast-paced games. Prices listed reflect time and date of publication and are subject to change. Check out our Daily Deals for the best products at the best prices and sign up here to receive the BestReviews weekly newsletter full of shopping inspo and sales. BestReviews spends thousands of hours researching, analyzing and testing products to recommend the best picks for most consumers. BestReviews and its newspaper partners may earn a commission if you purchase a product through one of our links. Distributed by Tribune Content Agency, LLC.Maha, Jharkhand outcome
Ottawa Senators place Zack MacEwen on waiversThe Labour Party has seen its support plummet in council by-elections since the General Election - with Reform UK seeing a surge in support as a result. Analysis by the New Statesmen shows Keir Starmer 's party has seen its average support in council by-elections fall by 9.8 per cent since it swept to power in the July elections. Meanwhile Nigel Farage 's Reform UK party has seen its average support in the elections up by 11 per cent, with the Liberal Democrats seeing their share rise by just 1.8 per cent. There will be sighs of relief for the Conservatives however, with the Tories losing just 0.3 per cent of their average support - hinting that Reform is winning most of its votes from former Labour supporters. According to Election Maps UK, there have been 157 by-elections for 160 council seats since the July 4 election. Council by-elections since the general election - average shift in support: CON: -0.3 LAB: -9.8 LDEM: +1.2 GRN: -1.8 REF: +11.0 Standing starts (ie a party having not stood in the seat before) not included. More: https://t.co/CwFaQDwscM pic.twitter.com/rgB7Ps5xWU Labour has defended 83 seats and won just 60, meaning it has 23 fewer council seats than it did at the time of the election. Most of the seats it has lost since the election have gone to the Conservatives , with smaller numbers falling to the Liberal Democrats, Greens, SNP and Reform UK. The Tories have defended 23 seats in by-elections since July and have won 44 contests. Reform UK, which has no far not defended any council seats, has won five so far. Aggregate Result of the 157 Council By-Elections (for 160 Seats) Since the 2024 General Election: LAB: 60 (-23) CON: 44 (+21) LDM: 29 (+1) GRN: 8 (+2) IND: 6 (-3) RFM: 5 (+5) SNP: 4 (-1) PLC: 2 (=) LOC: 2 (-2) pic.twitter.com/FIOgKXR9yK The Liberal Democrats are up just one seat, with 28 defended and 29 contests won - while the Greens have defended six seats and won eight by-elections. Local elections are often seen by the electorate as an opportunity to give a bloody nose to the ruling party, with voters unhappy about Labour's decision to make Winter Fuel Payments means tested and changes to inheritance tax rules for farmers. The next set of local elections in many areas, excluding by-elections, is in 2025.
VANCOUVER, British Columbia--(BUSINESS WIRE)--Dec 5, 2024-- lululemon athletica inc. (NASDAQ:LULU) today announced financial results for the third quarter of fiscal 2024, which ended on October 27, 2024. Calvin McDonald, Chief Executive Officer, stated: "Our performance in the third quarter shows the enduring strength of lululemon globally, as we saw continued momentum across our international markets and in Canada. Looking to the future, we are pleased with the start to our holiday season, and we remain focused on accelerating our U.S. business and growing our brand awareness around the world. Thank you to our dedicated teams for continuing to deliver for our guests and stakeholders." The adjusted non-GAAP financial measures below exclude asset impairment and other charges recognized in relation to lululemon Studio during the third quarter of 2023, and the related income tax effects of these items. For the third quarter of 2024, compared to the third quarter of 2023: Net revenue increased 9% to $2.4 billion, or increased 8% on a constant dollar basis. Americas net revenue increased 2%. International net revenue increased 33%, or 30% on a constant dollar basis. Comparable sales increased 4%, or 3% on a constant dollar basis. Americas comparable sales decreased 2%. International comparable sales increased 25%, or 22% on a constant dollar basis. Gross profit increased 12% to $1.4 billion. Adjusted gross profit increased 9%. Gross margin increased 150 basis points to 58.5%. Adjusted gross margin increased 40 basis points. Income from operations increased 45% to $490.7 million. Adjusted income from operations increased 12%. Operating margin increased 520 basis points to 20.5%. Adjusted operating margin increased 70 basis points. The effective income tax rate for the third quarter of 2024 was 30.2% compared to 28.5% for the third quarter of 2023. The adjusted effective tax rate was 28.1% for the third quarter of 2023. Diluted earnings per share were $2.87 compared to $1.96 in the third quarter of 2023. Adjusted diluted earnings per share were $2.53 in the third quarter of 2023. The Company added 28 new company-operated stores during the third quarter, including 14 company-operated stores from the acquisition of the Mexico operations, ending with 749 stores. Meghan Frank, Chief Financial Officer, stated: "Our third quarter results, which exceeded our expectations, demonstrate the ability of our teams to be agile in a dynamic operating environment. With the majority of the fourth quarter still in front of us, we are focused on deepening engagement with our guests and bringing new consumers into the brand. We are committed to delivering on our Power of Three ×2 revenue target of $12.5 billion in 2026 and look forward to all that lies ahead." Stock Repurchase Program During the third quarter of 2024, the Company repurchased 1.6 million shares of its common stock for a cost of $408.5 million. On December 3, 2024, the board of directors approved a $1.0 billion increase to the Company's stock repurchase program. Including this increase, as of December 5, 2024, the Company had approximately $1.8 billion remaining authorized on its stock repurchase program. Balance Sheet Highlights The Company ended the third quarter of 2024 with $1.2 billion in cash and cash equivalents and the capacity under its committed revolving credit facility was $393.5 million. Inventories at the end of the third quarter of 2024 increased 8% to $1.8 billion compared to $1.7 billion at the end of the third quarter of 2023. 2024 Outlook For the fourth quarter of 2024, the Company expects net revenue to be in the range of $3.475 billion to $3.510 billion, representing growth of 8% to 10%, or 3% to 4% excluding the 53rd week of 2024. Diluted earnings per share are expected to be in the range of $5.56 to $5.64 for the quarter. This assumes a tax rate of approximately 29.5%. For 2024, the Company now expects net revenue to be in the range of $10.452 billion to $10.487 billion, representing growth of 9%, or 7% excluding the 53rd week of 2024. Diluted earnings per share are now expected to be in the range of $14.08 to $14.16 for the year. This assumes a tax rate of approximately 30%. The guidance does not reflect potential future repurchases of the Company's shares. The guidance and outlook forward-looking statements made in this press release are based on management's expectations as of the date of this press release and do not incorporate future unknown impacts, including macroeconomic trends. The Company undertakes no duty to update or to continue to provide information with respect to any forward-looking statements or risk factors, whether as a result of new information or future events or circumstances or otherwise. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements as a result of risks and uncertainties, including those stated below. Power of Three ×2 The Company's Power of Three ×2 growth plan calls for a doubling of the business from 2021 net revenue of $6.25 billion to $12.5 billion by 2026. The key pillars of the plan are product innovation, guest experience, and market expansion. Conference Call Information A conference call to discuss third quarter results is scheduled for today, December 5, 2024, at 4:30 p.m. Eastern time. Those interested in participating in the call are invited to dial 1-844-763-8274 or 1-647-484-8814, if calling internationally, approximately 10 minutes prior to the start of the call. A live webcast of the conference call will be available online at: https://corporate.lululemon.com/investors/news-and-events/events-and-presentations . A replay will be made available online approximately two hours following the live call for a period of 30 days. About lululemon athletica inc. lululemon athletica inc. (NASDAQ:LULU) is a technical athletic apparel, footwear, and accessories company for yoga, running, training, and most other activities, creating transformational products and experiences that build meaningful connections, unlocking greater possibility and wellbeing for all. Setting the bar in innovation of fabrics and functional designs, lululemon works with yogis and athletes in local communities around the world for continuous research and product feedback. For more information, visit lululemon.com . Non-GAAP Financial Measures Constant dollar changes and adjusted financial results are non-GAAP financial measures. A constant dollar basis assumes the average foreign currency exchange rates for the period remained constant with the average foreign currency exchange rates for the same period of the prior year. The Company provides constant dollar changes in its results to help investors understand the underlying growth rate of net revenue excluding the impact of changes in foreign currency exchange rates. Adjusted gross profit, gross margin, income from operations, operating margin, income tax expense, effective tax rates, net income, and diluted earnings per share exclude certain inventory provisions, asset impairments, and restructuring costs recognized in relation to lululemon Studio, and the related income tax effects of these items. The Company believes these adjusted financial measures are useful to investors as they provide supplemental information that enable evaluation of the underlying trend in its operating performance, and enable a comparison to its historical financial information. Further, due to the finite and discrete nature of these items, it does not consider them to be normal operating expenses that are necessary to run the business, or impairments or disposal gains that are expected to arise in the normal course of its operations. Management uses these adjusted financial measures and constant currency metrics internally when reviewing and assessing financial performance. The Company's fiscal year ends on the Sunday closest to January 31st of the following year, typically resulting in a 52-week year, but occasionally giving rise to an additional week, resulting in a 53-week year. Fiscal 2023 was a 52-week year while 2024 will be a 53-week year. The expected net revenue increase excluding the 53rd week excludes the expected net revenue for the 53rd week of 2024. This enables an evaluation of the expected year-over-year increase in net revenue based on 52 weeks in each year. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or with greater prominence to, the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures, please see the section captioned "Reconciliation of Non-GAAP Financial Measures" included in the accompanying financial tables, which includes more detail on the GAAP financial measure that is most directly comparable to each non-GAAP financial measure, and the related reconciliations between these financial measures. The Company's non-GAAP financial measures may be calculated differently from, and therefore may not be directly comparable to, similarly titled measures reported by other companies. Forward-Looking Statements: This press release includes estimates, projections, statements relating to the Company's business plans, objectives, and expected operating results that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. In many cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "outlook," "believes," "intends," "estimates," "predicts," "potential" or the negative of these terms or other comparable terminology. These forward-looking statements also include the Company's guidance and outlook statements. These statements are based on management's current expectations but they involve a number of risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in the forward-looking statements as a result of risks and uncertainties, which include, without limitation: the Company's ability to maintain the value and reputation of its brand; changes in consumer shopping preferences and shifts in distribution channels; the acceptability of its products to guests; its highly competitive market and increasing competition; increasing costs and decreasing selling prices; its ability to anticipate consumer preferences and successfully develop and introduce new, innovative and updated products; its ability to accurately forecast guest demand for its products; its ability to expand in light of its limited operating experience and limited brand recognition in new international markets and new product categories; its ability to manage its growth and the increased complexity of its business effectively; its ability to successfully open new store locations in a timely manner; seasonality; disruptions of its supply chain; its reliance on a relatively small number of vendors to supply and manufacture a significant portion of its products; suppliers or manufacturers not complying with its Vendor Code of Ethics or applicable laws; its ability to deliver its products to the market and to meet guest expectations if it has problems with its distribution system; increasing labor costs and other factors associated with the production of its products in South Asia and South East Asia; its ability to safeguard against security breaches with respect to its technology systems; its compliance with privacy and data protection laws; any material disruption of its information systems; its ability to have technology-based systems function effectively and grow its e-commerce business globally; climate change, and related legislative and regulatory responses; increased scrutiny regarding its environmental, social, and governance, or sustainability responsibilities; an economic recession, depression, or downturn or economic uncertainty in its key markets; global or regional health events such as the COVID-19 pandemic and related government, private sector, and individual consumer responsive actions; global economic and political conditions; its ability to source and sell its merchandise profitably or at all if new trade restrictions are imposed or existing trade restrictions become more burdensome; changes in tax laws or unanticipated tax liabilities; its ability to comply with trade and other regulations; fluctuations in foreign currency exchange rates; imitation by its competitors; its ability to protect its intellectual property rights; conflicting trademarks and patents and the prevention of sale of certain products; its exposure to various types of litigation; and other risks and uncertainties set out in filings made from time to time with the United States Securities and Exchange Commission and available at www.sec.gov , including, without limitation, its most recent reports on Form 10-K and Form 10-Q. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements. The forward-looking statements made herein speak only as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances, except as may be required by law. lululemon athletica inc. The fiscal year ending February 2, 2025 is referred to as "2024" and the fiscal year ended January 28, 2024 is referred to as "2023". Condensed Consolidated Statements of Operations Unaudited; Expressed in thousands, except per share amounts Third Quarter First Three Quarters 2024 2023 2024 2023 Net revenue $ 2,396,660 $ 2,204,218 $ 6,976,629 $ 6,414,175 Costs of goods sold 995,054 947,554 2,887,770 2,708,195 Gross profit 1,401,606 1,256,664 4,088,859 3,705,980 As a percentage of net revenue 58.5 % 57.0 % 58.6 % 57.8 % Selling, general and administrative expenses 909,827 842,795 2,624,212 2,407,683 As a percentage of net revenue 38.0 % 38.2 % 37.6 % 37.5 % Impairment of assets and restructuring costs — 74,501 — 74,501 Amortization of intangible assets 1,118 1,253 1,118 5,010 Income from operations 490,661 338,115 1,463,529 1,218,786 As a percentage of net revenue 20.5 % 15.3 % 21.0 % 19.0 % Other income (expense), net 13,743 9,842 55,020 25,229 Income before income tax expense 504,404 347,957 1,518,549 1,244,015 Income tax expense 152,534 99,243 452,336 363,293 Net income $ 351,870 $ 248,714 $ 1,066,213 $ 880,722 Basic earnings per share $ 2.87 $ 1.97 $ 8.57 $ 6.94 Diluted earnings per share $ 2.87 $ 1.96 $ 8.55 $ 6.92 Basic weighted-average shares outstanding 122,697 126,460 124,471 126,892 Diluted weighted-average shares outstanding 122,803 126,770 124,668 127,218 lululemon athletica inc. Condensed Consolidated Balance Sheets Unaudited; Expressed in thousands October 27, 2024 January 28, 2024 October 29, 2023 ASSETS Current assets Cash and cash equivalents $ 1,188,419 $ 2,243,971 $ 1,091,138 Inventories 1,800,893 1,323,602 1,663,617 Prepaid and receivable income taxes 257,388 183,733 300,258 Other current assets 358,589 309,271 309,886 Total current assets 3,605,289 4,060,577 3,364,899 Property and equipment, net 1,697,759 1,545,811 1,413,918 Right-of-use lease assets 1,360,589 1,265,610 1,048,607 Goodwill and intangible assets, net 178,185 24,083 23,912 Deferred income taxes and other non-current assets 241,847 195,860 170,928 Total assets $ 7,083,669 $ 7,091,941 $ 6,022,264 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 385,960 $ 348,441 $ 309,324 Accrued liabilities and other 561,615 348,555 392,949 Accrued compensation and related expenses 190,169 326,110 250,479 Current lease liabilities 290,368 249,270 217,138 Current income taxes payable 96,808 12,098 27,231 Unredeemed gift card liability 238,327 306,479 213,256 Other current liabilities 40,286 40,308 37,737 Total current liabilities 1,803,533 1,631,261 1,448,114 Non-current lease liabilities 1,223,733 1,154,012 950,954 Non-current income taxes payable — 15,864 15,864 Deferred income tax liability 33,231 29,522 53,833 Other non-current liabilities 37,440 29,201 27,650 Stockholders' equity 3,985,732 4,232,081 3,525,849 Total liabilities and stockholders' equity $ 7,083,669 $ 7,091,941 $ 6,022,264 lululemon athletica inc. Condensed Consolidated Statements of Cash Flows Unaudited; Expressed in thousands First Three Quarters 2024 2023 Cash flows from operating activities Net income $ 1,066,213 $ 880,722 Adjustments to reconcile net income to net cash provided by operating activities (194,890 ) 31,344 Net cash provided by operating activities 871,323 912,066 Net cash used in investing activities (575,214 ) (445,325 ) Net cash used in financing activities (1,328,510 ) (510,583 ) Effect of foreign currency exchange rate changes on cash and cash equivalents (23,151 ) (19,887 ) Decrease in cash and cash equivalents (1,055,552 ) (63,729 ) Cash and cash equivalents, beginning of period 2,243,971 1,154,867 Cash and cash equivalents, end of period $ 1,188,419 $ 1,091,138 lululemon athletica inc. Reconciliation of Non-GAAP Financial Measures Unaudited; Expressed in thousands, except per share amounts Constant dollar changes The below changes show the change for the third quarter of 2024 compared to the third quarter of 2023. Net Revenue Change Foreign exchange Change in constant dollars United States — % — % — % Canada 9 — 9 Mexico (1) n/a n/a n/a Americas 2 — 2 China Mainland 39 (3 ) 36 Rest of World 27 (4 ) 23 Total international 33 (3 ) 30 Total 9 % (1 )% 8 % Comparable Sales (2) Change Foreign exchange Change in constant dollars Americas (2 )% — % (2 )% China Mainland 27 (3 ) 24 Rest of World 23 (3 ) 20 Total international 25 (3 ) 22 Total 4 % (1 )% 3 % (1) On September 10, 2024, the Company acquired the lululemon branded retail locations and operations run by a third party in Mexico. Wholesale sales to the third party by lululemon athletica canada inc. prior to the acquisition are disclosed as net revenue recognized within Canada. (2) Comparable sales includes comparable company-operated store and e-commerce net revenue. Comparable company-operated stores have been open for at least 12 full fiscal months, or open for at least 12 full fiscal months after being significantly expanded. Comparable company-operated stores exclude stores which have been temporarily relocated for renovations or have been temporarily closed. Adjusted financial measures The following tables reconcile adjusted 2023 financial measures with the most directly comparable measures calculated in accordance with GAAP. The adjustments relate to certain inventory provisions, asset impairments, and restructuring costs recognized in relation to lululemon Studio and their related tax effects. Please refer to Note 4. Impairment of Assets and Restructuring Costs included in Item 1 of Part I of the Company's Report on Form 10-Q to be filed with the SEC on or about December 5, 2024 for further information on the nature of these amounts. Third Quarter 2023 Gross Profit Gross Margin Income from Operations Operating Margin Income Tax Expense Effective Tax Rate Net Income Diluted Earnings Per Share GAAP results $ 1,256,664 57.0 % $ 338,115 15.3 % $ 99,243 28.5 % $ 248,714 $ 1.96 lululemon Studio charges: lululemon Studio obsolescence provision 23,709 1.1 23,709 1.1 23,709 0.19 Impairment of assets 44,186 2.0 44,186 0.35 Restructuring costs 30,315 1.4 30,315 0.24 Tax effect of the above 26,085 (0.4 ) (26,085 ) (0.21 ) 23,709 1.1 98,210 4.5 26,085 (0.4 ) 72,125 0.57 Adjusted results (non-GAAP) $ 1,280,373 58.1 % $ 436,325 19.8 % $ 125,328 28.1 % $ 320,839 $ 2.53 First Three Quarters 2023 Gross Profit Gross Margin Income from Operations Operating Margin Income Tax Expense Effective Tax Rate Net Income Diluted Earnings Per Share GAAP results $ 3,705,980 57.8 % $ 1,218,786 19.0 % $ 363,293 29.2 % $ 880,722 $ 6.92 lululemon Studio charges: lululemon Studio obsolescence provision 23,709 0.3 23,709 0.3 23,709 0.19 Impairment of assets 44,186 0.7 44,186 0.35 Restructuring costs 30,315 0.5 30,315 0.24 Tax effect of the above 26,085 (0.2 ) (26,085 ) (0.21 ) 23,709 0.3 98,210 1.5 26,085 (0.2 ) 72,125 0.57 Adjusted results (non-GAAP) $ 3,729,689 58.1 % $ 1,316,996 20.5 % $ 389,378 29.0 % $ 952,847 $ 7.49 Expected net revenue increase excluding the 53rd week The Company's fiscal year ends on the Sunday closest to January 31st of the following year, typically resulting in a 52-week year, but occasionally giving rise to an additional week, resulting in a 53-week year. Fiscal 2023 was a 52-week year while 2024 will be a 53-week year. Fourth Quarter 2024 Fiscal 2024 Expected net revenue increase 8% to 10% 9% Impact of 53rd week (5)% to (6)% (2)% Expected net revenue increase excluding the 53rd week (non-GAAP) 3% to 4% 7% lululemon athletica inc. Company-operated Store Count and Square Footage (1) Square footage expressed in thousands Number of Stores Open at the Beginning of the Quarter Number of Stores Opened During the Quarter Number of Stores Closed During the Quarter Number of Stores Open at the End of the Quarter 4 th Quarter 2023 686 26 1 711 1 st Quarter 2024 711 5 5 711 2 nd Quarter 2024 711 11 1 721 3 rd Quarter 2024 721 28 — 749 Total Gross Square Feet at the Beginning of the Quarter Gross Square Feet Added During the Quarter (2) Gross Square Feet Lost During the Quarter (2) Total Gross Square Feet at the End of the Quarter 4 th Quarter 2023 2,797 173 3 2,967 1 st Quarter 2024 2,967 35 14 2,988 2 nd Quarter 2024 2,988 90 3 3,075 3 rd Quarter 2024 3,075 156 — 3,231 (1) (2) View source version on businesswire.com : https://www.businesswire.com/news/home/20241205433612/en/ CONTACT: Investor Contacts: lululemon athletica inc. Howard Tubin 1-604-732-6124 or ICR, Inc. Joseph Teklits/Caitlin Churchill 1-203-682-8200 Media Contact: lululemon athletica inc. Madi Wallace 1-604-732-6124 KEYWORD: NORTH AMERICA CANADA INDUSTRY KEYWORD: FASHION ONLINE RETAIL RETAIL HEALTH OTHER RETAIL FITNESS & NUTRITION SPECIALTY SOURCE: lululemon athletica inc. Copyright Business Wire 2024. PUB: 12/05/2024 04:05 PM/DISC: 12/05/2024 04:06 PM http://www.businesswire.com/news/home/20241205433612/en"MP Has Immense Potential": Chief Minister Mohan Yadav On UK Visit To Seek InvestmentsDebt brake impedes survival
San Jose brings losing streak into game against Los Angeles
Benefits Administration Service Market size is set to grow by USD 144.7 billion from 2024-2028, increasing focus on employee wellness boost the market- TechnavioST. PAUL — St. Paul-based Bremer Bank is being acquired by Old National Bank, which has headquarters in Evansville, Indiana, in a transaction valued at $1.4 billion in cash and stock. The deal, which still requires regulatory approval and approval by Bremer shareholders, would combine Bremer’s $16.2 billion in assets with Old National’s nearly $54 billion to create a bank with more than $70 billion in total assets. ADVERTISEMENT “This partnership represents an outstanding fit between two highly compatible, relationship- and community-focused banks,” Old National Chairman and CEO Jim Ryan said in a joint announcement released Monday, Nov. 25. Ryan said what has made Bremer Bank a leading institution since 1943 aligns closely with the “strategic priorities and cultural principles that have guided Old National’s success for 190 years: a strong deposit franchise, a diversified loan portfolio accentuated by exceptional credit quality, and a passion for investing in and strengthening communities.” “For more than 80 years, we’ve been honored to carry out the legacy of our founder, Otto Bremer,” said Jeanne Crain, president and CEO of Bremer. “When our majority shareholder, the Otto Bremer Trust, reaffirmed its interest in selling Bremer Bank, we appreciated the opportunity to identify a partner through a collaborative process to ensure the best possible outcome for our customers, employees, and our communities. With Old National, we have confidence we found a great fit,” Crain said as part of the joint announcement. The Otto Bremer Trust, a majority owner of Bremer Bank, is a private charitable trust based in St. Paul. Since the trust’s inception in 1944, it has made more than $1.1 billion in grants and program-related investments to more than 4,200 organizations. Once the merger is complete, the trust will have an approximate 11% ownership stake in Old National Bank and a trustee of the Otto Bremer Trust will join the Old National board of directors. ADVERTISEMENT The Otto Bremer Trust stated as part of the joint announcement: “All of us at the Otto Bremer Trust are excited that the Bremer Bank legacy of investing in people, places and opportunities continues with one of the most community-minded banks in the nation. This partnership expands the scope of what can be accomplished for and within our communities — civically, socially and economically.” Once the deal is finalized, Old National will become the third-largest bank in the Twin Cities, and the partnership will expand Old National’s reach into several other markets throughout Minnesota, North Dakota and Wisconsin. The deal affects 48 Bremer Bank branches in Minnesota and 14 in North Dakota, including six locations in Grand Forks and seven in the Fargo region.Is Secret Santa stressing you out? Here’s your holiday gift-exchange survival guide
he have truly started a revolution in the podcast space over the past few years. Since debuting their " " show, both and have seen their starpower rise with every episode that comes out. Their show has also led to many other professional athletes taking the plunge and going full steam into the podcast and vodcast business. . They are both hilarious, first and foremost, and also have incredible knowledge due to being two of the best players at their positions in recent history. Given their fame, their family has also been flung into the spotlight. In the process, their mother has essentially developed a cult following. Her appearances and statements are few and far between, but . She even stole the show on social media recently with a seemingly innocuous comment. The on Instagram reshared a clip from the latest New Heights show, in which . The account added a comment Mama Kelce left saying " " with three laughing emojis. The fans couldn't get enough, saying " " and " ". Jason Kelce's breaks hot dog long throw world record Jason broke the record of " ". Jason is the one who caught the hot dog, which flew threw the air into the bun Kelce was holding. Travis, with his trademark childlike humor, couldn't help but make the accomplishment awkward: " ". Jason made it even more weird with his response: " ". Even Travis was taken aback.Mexico's president will ask Trump to deport non-Mexican migrants directly to their home countries
Cowboys' Zack Martin not thinking about next year after deciding on season-ending surgery
Fuerte sismo estremece al norte de California; cancelan advertencia de tsunamiMacy’s says employee hid up to $154 million in expenses since 2021
Trump threatens 100% tariff on BRICS countries over currency plans