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lululemon(LULU) - 2024 Q1 - Quarterly Results
2024-06-05 20:10
Exhibit 99.1 LULULEMON ATHLETICA INC. ANNOUNCES FIRST QUARTER FISCAL 2024 RESULTS BOARD OF DIRECTORS AUTHORIZES $1.0 BILLION INCREASE IN ITS STOCK REPURCHASE PROGRAM Revenue increased 10% to $2.2 billion Comparable sales increased 6%, or increased 7% on a constant dollar basis Diluted EPS of $2.54 Vancouver, British Columbia – June 5, 2024 – lululemon athletica inc. (NASDAQ:LULU) today announced financial results for the first quarter of fiscal 2024, which ended on April 28, 2024. Calvin McDonald, Chief Exe ...
The Best Apparel Retail Stock To Own In June
Forbes· 2024-06-05 16:10
Shares of Lululemon Athletica (LULU) are down 0.5% this afternoon, last seen at $305.40 ahead of the athletic apparel retailer’s first-quarter earnings report, due out after the close today. Analysts expect the firm to post earnings of $2.38 on revenue of $2.194 billion, amid worries about slowing sales growth and competition from newer brands like Alo and Vuori.Since the beginning of the year, LULU is one of the worst performers on the S&P 500 (SPX), down 40.5% year-to-date. The equity has struggled especi ...
Time to Buy or Sell Lululemon's (LULU) Stock as Q1 Earnings Approach?
ZACKS· 2024-06-04 21:56
Over the years, Lululemon’s (LULU) stock has been a Wall Street darling due to the company’s popularity and growth as a leading athletic apparel retailer with a very loyal customer base.However, LULU has now dropped -46% year to date with the decline sparked by lower-than-expected guidance for fiscal 2024. In this regard, Lululemon expects 10%-11% net revenue growth this year which is certainly solid expansion but fell below many analysts' lofty expectations.That said, let’s see if it’s time to buy or sell ...
Is It Worth Investing in Lululemon (LULU) Based on Wall Street's Bullish Views?
ZACKS· 2024-06-04 14:36
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Lululemon (LULU) .Lululemon currently has an average brokerage recommendat ...
Can lululemon (LULU) Q1 Earnings Beat on Strong Demand Trends?
ZACKS· 2024-05-30 16:50
lululemon athletica inc. (LULU) is likely to witness top and bottom-line growth when it reports first-quarter fiscal 2024 results on Jun 5, after market close.The Zacks Consensus Estimate for fiscal first-quarter sales is pegged at $2.2 billion, indicating a 9.9% increase from the year-ago quarter's reported figure. The consensus estimate for the company's fiscal first-quarter earnings is pegged at $2.39 per share, suggesting a 4.8% rise from the year-ago quarter’s actual. Earnings estimates have been uncha ...
lululemon athletica inc:美国市场消费者支出疲软,中国市场持续高速增长
第一上海证券· 2024-05-30 06:01
露露乐蒙(LULU.O) 更新报告 买入 2024年5月28日 美国市场消费者支出疲软,中国市场持续高速增长 金煊 业绩简况:FY2023 第四季度,营收同比增长 15.6%至 32.1 亿美 元,净利润为 6.7 亿美元,同比增长 458.8%,营业利润率为 + 852-25321539 28.5%,较上财年增长 17.2pct,毛利率增长 4.3pct 至 59.4%。 FY2023 全年营收同比增长 18.6%至 96.2 亿美元,净利润为 15.5 Lexy.jin@firstshanghai.com.hk 亿美元,同比增长 81.4%,营业利润率为 22.2%,较上财年增长 5.8pct,毛利率增长 2.9pct 至 58.3%,毛利率的增长主要是由于 王柏俊 空运成本和关税的降低,摊薄 EPS 为 12.2 美元,同比增长 82.6%。 + 852-25321915 北美市场高端运动休闲品需求减弱,国际市场保持高增长:分地 区看,北美市场营收同比增长 11.9%至 76.3 亿美元,中国内地市 Patrick.wong@firstshanghai.com. hk 场营收同比增长 67.2% ...
Lululemon (LULU) Advances While Market Declines: Some Information for Investors
zacks.com· 2024-05-29 22:51
Lululemon (LULU) ended the recent trading session at $298.54, demonstrating a +1.11% swing from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily loss of 0.74%. On the other hand, the Dow registered a loss of 1.06%, and the technology-centric Nasdaq decreased by 0.58%.The athletic apparel maker's shares have seen a decrease of 18.12% over the last month, not keeping up with the Consumer Discretionary sector's gain of 0.73% and the S&P 500's gain of 4.27%.Analysts an ...
Investors Heavily Search lululemon athletica inc. (LULU): Here is What You Need to Know
zacks.com· 2024-05-29 14:06
Lululemon (LULU) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this athletic apparel maker have returned -18.1%, compared to the Zacks S&P 500 composite's +4.3% change. During this period, the Zacks Textile - Apparel industry, which Lululemon falls in, has lost 5.2%. The key question now is: What could be the stock's future directio ...
Which of These 3 Beaten Down Stocks Would You Own?
marketbeat.com· 2024-05-29 11:02
Key PointsThree stocks deeply entrenched in the American consumer's daily life are discounted for a potential watchlist addition.Investors would be wise to recognize the strong brand moats and financials backing these companies.Analysts recognize these stocks will recover after a temporary U.S. consumer sentiment readings slump.5 stocks we like better than Dutch BrosSome investors are convinced that stocks trade down for a reason, which is not that far off from the belief of the efficient market theory. Whi ...
2 Growth Stocks Down Over 35% to Buy Right Now
fool.com· 2024-05-28 09:20
History says buy these stocks on the dip.Starbucks (SBUX 0.72%) and Lululemon Athletica (LULU 1.09%) are top brands with a lot of growth left in the tank. However, both stocks recently sold off following weak sales guidance by both companies. Both stocks are currently down about 37% from their previous peak.While these stocks have delivered massive gains for investors over the last few decades, they haven't moved up in a straight line. Lululemon shares have fallen 30% or more off their high six times in the ...