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 ...

Lululemon Athletica Inc. (NASDAQ:LULU) Q4 2023 Earnings Call Transcript March 21, 2024 4:30 PM ET Company Participants Howard Tubin - VP, IR Calvin McDonald - CEO Meghan Frank - CFO Conference Call Participants Alex Straton - Morgan Stanley Lorraine Hutchinson - Bank of America Brooke Roach - Goldman Sachs Mark Altschwager - Baird Matthew Boss - JPMorgan Dana Telsey - Telsey Advisory Group John Kernan - TD Cowen Kelly Crago - Citigroup Abbie Zvejnieks - Piper Sandler Ike Boruchow - Wells Fargo Operator Than ...

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 ...