Despite exceeding their quarterly top and bottom line expectations on Thursday, Nike (NKE)  and Lululemon (LULU)  shares fell in today’s trading session due to softer-than-expected guidance.Still, investors may be wondering if it’s time to buy the dip in these prominent retailers with Nike’s stock now down -13% year to date while Lululemon shares have fallen -20%.Image Source: Zacks Investment ResearchFavorable Quarterly ResultsReporting its fiscal third quarter results yesterday, Nike posted earnings of $0 ...

Nike shares tumbled 8% on Friday after the Air Jordan maker warned of lower sales in its first half as it replaces older styles with trendier sneakers, while Lululemon Athletica sank 17% as demand waned for its premium athleisure.While Lululemon’s gloomy forecast spotlights the challenges for retailers as customers reduce discretionary spending due to sticky inflation, Nike’s projection signals its efforts to battle newer brands for market share.“One of the things that both Lululemon and Nike have enjoyed o ...

Shares of athletic apparel company Lululemon Athletica (LULU -16.58%) sank on Friday after the company reported financial results for its fiscal fourth quarter of 2023. As of 10 a.m. ET, Lululemon stock was down 17%.Investors are disappointed todayLululemon is a fast-growing company, and Wall Street's expectations are consequently sky-high -- expectations that will go unmet in 2024. The company reported its fiscal 2023 numbers yesterday afternoon. But its financial guidance for fiscal 2024 is what's rattlin ...

Shares of lululemon athletica inc. (LULU) gained 2.1% in the after-market trading session on Mar 21, following strong fourth-quarter fiscal 2023 results. Revenues and earnings surpassed the Zacks Consensus Estimate and improved year over year.The results were driven by innovative product offerings and the strength of the company's business model. It has been on track with the Power of Three X2 growth plan. It outlined its guidance for the fiscal first quarter and fiscal 2024.Top & Bottom Lines in Detaillulu ...

Lululemon Athletica Inc (NASDAQ:LULU) stock was last seen down 14.5% at $409.20, despite the apparel retailer beating fourth-quarter earnings and revenue estimates. What's weighing on the shares instead is a disappointing annual revenue forecast, amid declining demand for its products.The security attracted multiple price-target cuts in response, including one from Wells Fargo to $425 from $450. The 12-month consensus target price of $489.45 is a 20.8% premium to current levels, though, and 20 of the 26 ana ...

In the realm of stock markets, even the smallest details can have a big impact. This was demonstrated recently by Lululemon (NASDAQ: LULU) after its earnings release on March 21. Despite the company posting impressive results, with a double earnings beat—$5.29 earnings per share compared to the expected $5.00, and revenue of $3.21 billion surpassing the expected $3.19 billion—the stock took a surprising nosedive, dropping by 13% in pre-market just hours after the conference concluded.LULU stock 24-hour pric ...

Key PointsLululemon shares were trading down heavily in the aftermath of Thursday’s report. While they managed to beat expectations, the company’s forward guidance was lighter than expected. However, several analysts have already reiterated their Buy ratings, so we could be looking at an interest entry opportunity here. 5 stocks we like better than Lululemon AthleticaLast night, the athleisure giant Lululemon Athletica Inc. NASDAQ: LULU reported its Q4 earnings in what was a highly anticipated release. Whil ...

Key TakeawaysLululemon shares traded sharply lower in extended trading Thursday evening after the company issued guidance that came in below analysts' expectations amid softness in its Americas business.CEO Calvin McDonald said there's been a shift in U.S. consumer behavior that has led to a slower start to the year.The Lululemon share price may find support from an uptrend line and the nearby 200-day moving average around $431. Shares in Lululemon Athletica (LULU) plunged 11% in after-hours trading Thursda ...

Financial Data and Key Metrics Changes - Total revenue for Q4 2023 increased by 16% to $3.2 billion, with adjusted earnings per share rising to $5.29 from $4.40 in Q4 2022 [9][10][31] - For the full year 2023, revenue grew by 19% to $9.6 billion, with adjusted operating margin increasing by 110 basis points and adjusted EPS rising by 27% compared to 2022 [11][30] Business Line Data and Key Metrics Changes - In Q4, women's revenue increased by 13%, men's revenue grew by 15%, and accessories saw a significant increase of 40% [9][26] - For the full year 2023, men's revenue grew at a 21% CAGR, indicating strong performance in this segment [47] Market Data and Key Metrics Changes - By region in Q4, the Americas revenue increased by 9%, China Mainland revenue surged by 78%, and the rest of the world grew by 36% [9][25] - In 2023, the Americas saw a 12% revenue increase, while China Mainland experienced a 67% growth [11] Company Strategy and Development Direction - The company is focused on increasing brand awareness and optimizing its store base, with plans for 5 to 10 new store openings and 15 to 20 optimizations in the US [12][20] - Lululemon aims to leverage its product innovation pipeline and community-based marketing strategies to enhance growth, particularly in underpenetrated international markets [18][22] Management's Comments on Operating Environment and Future Outlook - Management noted a challenging consumer environment in the US but remains optimistic about growth opportunities, particularly through product innovation and brand initiatives [7][12] - The company expects revenue growth of 11% to 12% for the full year 2024, with a focus on maintaining strong performance in international markets [33][34] Other Important Information - The membership program has grown to over 17 million members, contributing to increased customer engagement and lifetime value [10][71] - The company plans to invest approximately $670 million to $690 million in capital expenditures for 2024, focusing on growth initiatives and technology investments [36] Q&A Session Summary Question: Insights on challenging consumer behavior - Management indicated that the US market is experiencing a slowdown in traffic and conversion, but international markets remain strong [42][44] Question: State of the men's business growth - The men's business showed a 15% growth in Q4, with a strong product pipeline expected to drive further growth [46][48] Question: Outlook for the China market - Revenue in Mainland China increased by 78% in Q4, with continued optimism for growth driven by localized brand strategies [51][53] Question: Inventory levels and markdowns - Inventory levels are deemed satisfactory, with a focus on maintaining low markdown rates while addressing stock-outs in certain sizes [56][58] Question: Multi-year drivers of positive comp growth in the Americas - Management emphasized ongoing product innovation and low unaided brand awareness as key drivers for future growth in the Americas [60][64] Question: Marketing investment strategy - The company plans to maintain marketing investment at 4.5% to 5% of sales in 2024, focusing on brand awareness and guest acquisition [70][72] Question: Competitive advantages in the market - Management highlighted Lululemon's unique approach to product innovation and community engagement as key competitive advantages [74][78]

Lululemon (LULU) reported $3.21 billion in revenue for the quarter ended January 2024, representing a year-over-year increase of 15.6%. EPS of $5.29 for the same period compares to $4.40 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $3.19 billion, representing a surprise of +0.50%. The company delivered an EPS surprise of +5.59%, with the consensus EPS estimate being $5.01.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ho ...