lululemon athletica, Inc.

Lululemon Athletica Inc. Canadian Depositary Receipt (CAD Hedged) is a Canadian Depositary Receipt (CDR) issued by financial institutions such as CIBC and BMO, providing Canadian investors with exposure to the common stock of lululemon athletica inc., traded on Nasdaq under the ticker LULU. This CAD-hedged product tracks the economic performance of lululemon athletica inc.'s shares through a variable CDR ratio, typically starting around 0.0404, with an embedded daily notional currency hedge that converts the underlying U.S. dollar value into Canadian dollars to mitigate forex risk. Lululemon athletica inc. specializes in designing, distributing, and retailing premium technical athletic apparel, footwear, and accessories for activities like yoga, running, and training, alongside fitness-inspired items and in-home connected fitness subscriptions via lululemon Studio. Operating in the **consumer goods** sector, it serves markets through company-operated stores, e-commerce, outlets, and wholesale channels across the United States, Canada, Australia, Europe, and Asia. These CDRs enhance accessibility for Canadian investors to U.S. equities, trading on Canadian exchanges like NEO and CBOE Canada, while reflecting the underlying company's strong fundamentals in the athletic wear industry.