Apparel giants like Lululemon (LULU)  and Nike (NKE)  are not immune to concerns about a slowdown in consumer spending with both stocks down roughly -8% over the last year. However, Lululemon continued to reaffirm its attractive growth prospects are still intact after beating Q1 top and bottom-line expectations on Wednesday with Nike set to report its quarterly results later in the month.Seeing that LULU has dropped -37% year to date, investors may be wondering if it’s time to buy stock in the popular yoga- ...

LULU stock is down 40% this year but there's more to the story.In this video, I will cover Lululemon's (LULU 4.79%) recent earnings report and explain why this was once again a good lesson for investors.*Stock prices used were from the trading day of June 5, 2024. The video was published on June 5, 2024. ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

lululemon athletica inc. (LULU) reported first-quarter fiscal 2024 results, wherein revenues and earnings surpassed the Zacks Consensus Estimate and improved year over year. The results were driven by strong momentum in the international business as its products resonate well with customers. Innovative product offerings and progress on optimizing the U.S. product assortments also aided the results.The company has been on track with the Power of Three X2 growth plan. LULU outlined the guidance for the fiscal ...

After trading down to a tragic 60% of their 52-week high levels, shares of Lululemon Athletica Inc. NASDAQ: LULU just gave fundamental investors another reason to add this stock to their potential buy watchlists. In the after-market hours of June 6, the stock rallied by as much as 50 points, or 13.6%, from its previous closing price.While some investors thought inflation would deteriorate settings in the consumer discretionary sector, Lululemon’s market penetration is no match for today’s economic environme ...

Key TakeawaysLululemon shares jumped in premarket trading Thursday after the activewear retailer posted better-than-expected quarterly results, raised its full-year profit guidance amid an improved second-half inventory outlook, and boosted its stock buyback program.CEO Calvin McDonald said stocking issues had persisted into the first quarter across the Americas business, but noted that he expects the retailer’s inventory position to improve throughout the back half of the year.Monitor if the Lululemon shar ...

Lululemon Athletica Inc. (NASDAQ:LULU) Q1 2024 Earnings Conference Call June 5, 2024 4:30 PM ET Company Participants Howard Tubin - Vice President, Investor Relations Calvin McDonald - Chief Executive Officer Meghan Frank - Chief Financial Officer Conference Call Participants Brooke Roach - Goldman Sachs Alex Stratton - Morgan Stanley Matthew Boss - JPMorgan Michael Binetti - Evercore Ike Boruchow - Wells Fargo Paul Lejuez - Citi Sharon Zackfia - William Blair Dana Telsey - Telsey Advisory Group John Kernan ...

Lululemon (LULU) reported $2.21 billion in revenue for the quarter ended April 2024, representing a year-over-year increase of 10.4%. EPS of $2.54 for the same period compares to $2.28 a year ago.The reported revenue represents a surprise of +0.51% over the Zacks Consensus Estimate of $2.2 billion. With the consensus EPS estimate being $2.38, the EPS surprise was +6.72%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street exp ...

Lululemon (LULU) came out with quarterly earnings of $2.54 per share, beating the Zacks Consensus Estimate of $2.38 per share. This compares to earnings of $2.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.72%. A quarter ago, it was expected that this athletic apparel maker would post earnings of $5.01 per share when it actually produced earnings of $5.29, delivering a surprise of 5.59%.Over the last four quarters, the c ...

The days of Lululemon’s U.S. growth may be over, but it seems that international shoppers are now springing for the North American athleisure look.The Canada-based athletic apparel retailer shared Wednesday (June 5) in its first-quarter fiscal 2024 earnings results that while sales in the Americas only increased 3%, international sales rose 35%, driven by a 45% surge in sales in China.“Our business remains strong in every international market in which we operate, as our brand is resonating with guests acros ...