Financial Data and Key Metrics Changes - Consolidated net sales for Q1 2025 were $393 million, down from $398 million in Q1 2024, and within the guidance range of $375 million to $395 million [18] - Adjusted gross margin contracted by 110 basis points to 64.3%, primarily due to increased freight expenses and markdowns [19] - Adjusted operating profit was $39 million, reflecting a 9.8% operating margin compared to $57 million and a 14.4% margin in the prior year [21] - Adjusted net earnings per share were $1.82, down from $6.68 in the previous year [30] Business Line Data and Key Metrics Changes - Lilly Pulitzer saw a low double-digit sales increase, driven by a focus on products resonating with core customers [19] - Tommy Bahama and Johnny Was experienced lower sales, with Johnny Was facing a mid-teens decline in Q1 [19][52] - E-commerce sales decreased by 5%, while wholesale sales increased by 4% compared to the previous year [18] Market Data and Key Metrics Changes - Sales in brick-and-mortar locations were down 1%, with a negative comp of 5% [18] - Sales in food and beverage locations decreased by 3%, while outlet sales remained comparable year-over-year [19] - The wholesale channel showed growth, particularly in major department stores and off-price retailers [19] Company Strategy and Development Direction - The company is focusing on customer happiness through brand positioning and innovative products, which is seen as essential during challenging market conditions [6][7] - A strategic shift is underway to diversify the supply chain away from China, with plans to be substantially out of China by the second half of 2026 [14][61] - The company aims to improve the profitability of the Johnny Was brand by reinforcing fundamentals and enhancing marketing efficiency [16] Management's Comments on Operating Environment and Future Outlook - Management noted that consumer sentiment is cautious, impacting discretionary spending, but there is still consumer spending ability [4][5] - The evolving U.S. trade policy and tariffs are creating challenges, but management believes these will not pose a long-term threat to competitiveness [15] - The company expects net sales for the full year to be between $1.475 billion and $1.515 billion, reflecting a decline of 3% to slightly negative compared to the previous year [24] Other Important Information - Inventory increased by $18 million or 12% on a LIFO basis, primarily due to tariff impacts [22] - Capital expenditures for the year are expected to be approximately $120 million, with significant investments in the new distribution center and new store openings [32] Q&A Session Summary Question: What learnings have emerged from the strength in Lilly? - The focus is on committed customers, with the top 20% accounting for over 60% of sales, emphasizing the importance of delivering products that resonate with them [35][36] Question: Can you elaborate on pricing plans for other brands? - For Tommy Bahama, AUR is projected to increase by less than 3%, with initial margins expected to decrease by less than 50 basis points [38][39] Question: How did wholesale growth compare to expectations? - Wholesale growth was in line with expectations, with department stores performing well despite a challenging environment [44][45] Question: What drove the decline in Johnny Was? - The brand is not projected to rebound significantly in the near term, with ongoing efforts to improve profitability expected to impact future performance [52] Question: Can you discuss the tariff impact? - The gross impact of tariffs is now estimated at $40 million, with mitigation strategies being implemented for future seasons [59][61]

[First Quarter Fiscal 2025 Financial Results](index=1&type=section&id=First%20Quarter%20Fiscal%202025%20Financial%20Results) Oxford Industries reported a slight decline in Q1 fiscal 2025 net sales and significant EPS decreases, primarily due to tariff impacts, while Lilly Pulitzer showed strong growth and the company maintained gross margins above 64% [First Quarter Fiscal 2025 Highlights](index=1&type=section&id=First%20Quarter%20Fiscal%202025%20Highlights) Oxford Industries reported consolidated net sales of $393 million for the first quarter of fiscal 2025, a slight decrease from $398 million in the prior year, with significant declines in both GAAP and adjusted EPS primarily attributed to uncertain tariff and trade dynamics Q1 Fiscal 2025 Key Financial Metrics | Metric | Q1 Fiscal 2025 | Q1 Fiscal 2024 | % Change | | :--- | :--- | :--- | :--- | | Consolidated Net Sales | $393 million | $398 million | (1.3%) | | GAAP EPS | $1.70 | $2.42 | (29.8%) | | Adjusted EPS | $1.82 | $2.66 | (31.6%) | Q1 2025 Net Sales by Operating Group ($ in millions) | Operating Group | 2025 | 2024 | % Change | | :--- | :--- | :--- | :--- | | Tommy Bahama | $216.2 | $225.6 | (4.2%) | | Lilly Pulitzer | $99.0 | $88.4 | 12.0% | | Johnny Was | $43.5 | $51.2 | (15.1%) | | Emerging Brands | $34.2 | $33.0 | 3.8% | | **Total Company** | **$392.9** | **$398.2** | **(1.3%)** | - CEO Tom Chubb highlighted that despite industry-wide headwinds from tariffs and trade dynamics, the company delivered results within guidance. **Lilly Pulitzer's performance was a bright spot**, with its assortment resonating with consumers. The company is focused on diversifying its supply chain to reduce exposure to future tariff developments[3](index=3&type=chunk) [Detailed First Quarter 2025 Performance](index=1&type=section&id=Detailed%20First%20Quarter%202025%20Performance) The 1.3% decline in consolidated sales was driven by a 3% decrease in full-price direct-to-consumer (DTC) sales, with e-commerce sales falling 5%, while wholesale sales grew by 4%, and gross margin contracted due to higher freight costs, increased markdowns, a sales mix shift, and $1 million in new tariff charges - Sales performance by channel showed mixed results: - Full-price DTC sales **decreased 3% to $249 million** - Full-price retail sales were **down 1% to $135 million** - E-commerce sales **fell 5% to $114 million** - Wholesale sales **increased 4% to $92 million**[5](index=5&type=chunk)[6](index=6&type=chunk) - Gross margin **decreased** on both a GAAP and adjusted basis, primarily due to: - Increased freight expenses at Tommy Bahama - Higher markdowns at Lilly Pulitzer and Johnny Was - A sales mix shift to a higher proportion of wholesale - **$1 million in additional costs from new U.S. tariffs**[6](index=6&type=chunk) - SG&A expenses **increased to $223 million from $213 million**, with approximately **$6 million (59%)** of the increase driven by higher employment, occupancy, and depreciation costs related to **31 new store openings** since Q1 2024[6](index=6&type=chunk) - Operating income **fell to $36 million (9.2% of sales)** from **$52 million (13.2% of sales)** in the prior year. On an adjusted basis, operating income was **$39 million, down from $57 million**[6](index=6&type=chunk) [Financial Position, Liquidity, and Dividends](index=3&type=section&id=Financial%20Position%2C%20Liquidity%2C%20and%20Dividends) The company's Q1 2025 financial position reflects increased inventory and debt, driven by strategic purchases and capital expenditures, alongside a continued commitment to shareholder returns through a raised quarterly dividend [Balance Sheet and Liquidity](index=3&type=section&id=Balance%20Sheet%20and%20Liquidity) The company's financial position at the end of Q1 2025 showed a significant increase in both inventory and debt compared to the prior year, partly due to accelerated purchases ahead of anticipated tariffs and funding for share repurchases and capital expenditures, resulting in cash used in operations - Inventory **increased by $18 million (12% on a LIFO basis)** compared to Q1 2024. This was driven by accelerated purchases ahead of anticipated tariff increases and the capitalization of increased tariff costs[7](index=7&type=chunk) - Cash used in operations was **$4 million**, compared to cash provided by operations of **$33 million** in the prior-year quarter, reflecting lower net earnings and higher working capital needs[8](index=8&type=chunk) - Borrowings outstanding **increased significantly to $118 million**, up from **$19 million** in Q1 2024. This was primarily used to fund **$51 million in share repurchases** and **$23 million in capital expenditures**[9](index=9&type=chunk) [Dividend](index=3&type=section&id=Dividend) The Board of Directors declared a quarterly cash dividend of $0.69 per share, an increase from the prior year, payable on August 1, 2025, continuing the company's uninterrupted dividend history since 1960 - A quarterly cash dividend of **$0.69 per share** was declared, payable on August 1, 2025[10](index=10&type=chunk) - The company has paid a dividend every quarter since becoming a public company in **1960**[10](index=10&type=chunk) [Outlook and Forward-Looking Statements](index=3&type=section&id=Outlook%20and%20Forward-Looking%20Statements) Oxford Industries revised its fiscal 2025 guidance downwards due to significant tariff costs, while outlining capital expenditure plans for a new distribution center and emphasizing key risks to future performance [Fiscal 2025 and Second Quarter Outlook](index=3&type=section&id=Fiscal%202025%20and%20Second%20Quarter%20Outlook) Oxford Industries has revised its fiscal 2025 guidance downwards, citing significant tariff-related cost pressures, now expecting full-year net sales between $1.475 billion and $1.515 billion and adjusted EPS between $2.80 and $3.20, incorporating an estimated $40 million in additional tariff costs Full Fiscal 2025 Guidance (vs. Fiscal 2024 Actual) | Metric | Fiscal 2025 Guidance | Fiscal 2024 Actual | | :--- | :--- | :--- | | Net Sales | $1.475B - $1.515B | $1.52B | | GAAP EPS | $2.28 - $2.68 | $5.87 | | Adjusted EPS | $2.80 - $3.20 | $6.68 | Second Quarter Fiscal 2025 Guidance (vs. Q2 2024 Actual) | Metric | Q2 2025 Guidance | Q2 2024 Actual | | :--- | :--- | :--- | | Net Sales | $395M - $415M | $420M | | GAAP EPS | $0.92 - $1.12 | $2.57 | | Adjusted EPS | $1.05 - $1.25 | $2.77 | - The revised fiscal 2025 guidance includes an estimated **$40 million in additional tariff costs**, equating to an after-tax impact of **$2.00 per share**[11](index=11&type=chunk) [Capital Expenditures and Other Forecasts](index=4&type=section&id=Capital%20Expenditures%20and%20Other%20Forecasts) For fiscal 2025, the company anticipates capital expenditures of approximately $120 million, primarily for a new distribution center, alongside plans for a net increase of approximately 15 full-price stores, an expected interest expense of $8 million, and an effective tax rate of around 26% - Capital expenditures for fiscal 2025 are expected to be approximately **$120 million**, with **$70 million** dedicated to completing the new distribution center in Lyons, Georgia[14](index=14&type=chunk) - The company plans a net increase of approximately **15 full-price stores** in fiscal 2025, including three new Tommy Bahama Marlin Bars[14](index=14&type=chunk) - Full-year fiscal 2025 interest expense is anticipated to be **$8 million**, and the effective tax rate is expected to be approximately **26%**[13](index=13&type=chunk) [Safe Harbor Statement](index=5&type=section&id=Safe%20Harbor%20Statement) The earnings release includes forward-looking statements subject to significant risks and uncertainties, including changes in trade policies, macroeconomic factors, supply chain challenges, competitive pressures, and cybersecurity threats, which could cause actual results to differ materially from current expectations - The company identifies several key risks that could impact future performance, including: - Changes in U.S. trade policies and tariffs - Macroeconomic factors affecting consumer spending, such as inflation and interest rates - Risks related to supply chain diversification and sourcing - Competitive conditions in a highly promotional retail environment - Cybersecurity breaches and ransomware attacks[19](index=19&type=chunk)[22](index=22&type=chunk) [Financial Statements and Supplemental Data](index=7&type=section&id=Financial%20Statements%20and%20Supplemental%20Data) The consolidated financial statements for Q1 2025 show increased assets and liabilities, a decline in net earnings, negative operating cash flow, and detailed segment performance, alongside continued retail store expansion [Consolidated Financial Statements](index=7&type=section&id=Consolidated%20Financial%20Statements) The consolidated financial statements for the first quarter ended May 3, 2025, show total assets increased to $1.34 billion from $1.16 billion year-over-year, primarily due to higher property and equipment and operating lease assets, with total liabilities also growing, and net earnings decreasing to $26.2 million from $38.4 million in the prior-year period Consolidated Balance Sheet Highlights (in thousands) | Account | May 3, 2025 | May 4, 2024 | | :--- | :--- | :--- | | Total Current Assets | $317,534 | $298,363 | | Total Assets | $1,339,706 | $1,156,976 | | Long-term debt | $117,714 | $18,630 | | Total Liabilities | $747,283 | $564,101 | | Total Shareholders' Equity | $592,423 | $592,875 | Consolidated Statement of Operations Highlights (in thousands) | Account | Q1 Fiscal 2025 | Q1 Fiscal 2024 | | :--- | :--- | :--- | | Net sales | $392,861 | $398,184 | | Gross profit | $252,286 | $258,361 | | Operating income | $36,206 | $52,451 | | Net earnings | $26,181 | $38,373 | Consolidated Statement of Cash Flows Highlights (in thousands) | Account | Q1 Fiscal 2025 | Q1 Fiscal 2024 | | :--- | :--- | :--- | | Cash (used in) provided by operating activities | $(3,942) | $32,923 | | Cash used in investing activities | $(23,455) | $(12,134) | | Cash provided by (used in) financing activities | $25,959 | $(20,710) | [Non-GAAP Reconciliations and Segment Performance](index=10&type=section&id=Non-GAAP%20Reconciliations%20and%20Segment%20Performance) After adjusting for LIFO accounting and amortization of Johnny Was intangible assets, the company's adjusted net earnings per diluted share for Q1 2025 was $1.82, compared to $2.66 in the prior year, with Lilly Pulitzer's operating income growing 16.7% while Tommy Bahama's fell 27.9% and Johnny Was swung to an operating loss Q1 EPS Reconciliation (GAAP to Adjusted) | Description | Q1 Fiscal 2025 | Q1 Fiscal 2024 | | :--- | :--- | :--- | | GAAP EPS | $1.70 | $2.42 | | LIFO adjustments | $0.02 | $0.11 | | Amortization of Johnny Was intangible assets | $0.09 | $0.13 | | **Adjusted EPS** | **$1.82** | **$2.66** | Q1 2025 Operating Income by Segment (As Reported, in millions) | Operating Group | Q1 2025 | Q1 2024 | % Change | | :--- | :--- | :--- | :--- | | Tommy Bahama | $30.7 | $42.6 | (27.9)% | | Lilly Pulitzer | $18.1 | $15.5 | 16.7% | | Johnny Was | $(3.4) | $0.3 | (1124.0)% | | Emerging Brands | $1.9 | $3.8 | (49.8)% | [Store Network Expansion](index=14&type=section&id=Store%20Network%20Expansion) Oxford Industries continued to expand its retail presence, increasing its total direct-to-consumer locations to 353 at the end of Q1 2025, representing a net increase of 8 stores during the quarter and 31 stores year-over-year, primarily driven by the Emerging Brands segment Total Direct to Consumer Location Count | Brand Group | End of Q1 2025 | End of Q1 2024 (Implied) | | :--- | :--- | :--- | | Tommy Bahama | 165 | 160 | | Lilly Pulitzer | 65 | 60 | | Johnny Was | 80 | 78 | | Emerging Brands | 43 | 24 | | **Total Oxford** | **353** | **322** | - The company opened a net of **8 new stores** in the first quarter of fiscal 2025, contributing to a total of **353 locations**[6](index=6&type=chunk)[34](index=34&type=chunk)

Financial Performance - Consolidated net sales for the first quarter of fiscal 2025 were $393 million, a decrease from $398 million in the first quarter of fiscal 2024, representing a decline of 1.3% [1][4][38] - GAAP EPS for the first quarter was $1.70, down from $2.42 in the same period last year, while adjusted EPS was $1.82 compared to $2.66 in the prior year [1][4][38] - Gross margin on a GAAP basis was 64.2%, slightly lower than 64.9% in the first quarter of fiscal 2024 [4][38] Sales Breakdown - Tommy Bahama's net sales decreased by 4.2% to $216.2 million from $225.6 million [2][36] - Lilly Pulitzer experienced a 12.0% increase in net sales, reaching $99.0 million compared to $88.4 million [2][36] - Johnny Was saw a significant decline in net sales, dropping 15.1% to $43.5 million from $51.2 million [2][36] Cost and Expenses - SG&A expenses increased to $223 million from $213 million, with a notable portion attributed to higher employment and occupancy costs due to the opening of 31 new retail locations [4][5][38] - The company incurred $1 million in additional charges in cost of goods sold due to U.S. tariffs on imported goods [4][38] Balance Sheet and Liquidity - Inventory increased by $18 million, or 12%, on a LIFO basis compared to the end of the first quarter of fiscal 2024 [6][38] - Cash used in operations was $4 million, a significant decrease from cash provided by operations of $33 million in the first quarter of fiscal 2024 [7][38] - Borrowings outstanding rose to $118 million at the end of the first quarter, compared to $19 million at the same time last year [8][38] Dividend and Guidance - The Board of Directors declared a quarterly cash dividend of $0.69 per share, payable on August 1, 2025 [9] - For fiscal 2025, the company revised its sales guidance to a range of $1.475 billion to $1.515 billion, with GAAP EPS expected between $2.28 and $2.68 [10][38] Operational Insights - The company is focusing on diversifying and shifting its supply chain to mitigate future tariff impacts [2][38] - The effective income tax rate for the first quarter of fiscal 2025 was 24.1%, down from 25.6% in the prior year [11][38]

Group 1 - Oxford Industries, Inc. is set to release its first-quarter earnings results on June 11, with analysts expecting earnings of $1.82 per share, a decrease from $2.66 per share in the same period last year [1] - The company is projected to report quarterly revenue of $384.77 million, down from $398.18 million a year earlier [1] - In the fourth quarter, Oxford Industries posted weaker-than-expected earnings, leading to a 0.5% decline in share price, closing at $54.74 [2] Group 2 - Telsey Advisory Group analyst Dana Telsey has maintained a Market Perform rating with a price target of $52 for Oxford Industries [6] - Citigroup analyst Paul Lejuez has maintained a Sell rating and reduced the price target from $52 to $47 [6]

Core Viewpoint - Oxford Industries (OXM) is anticipated to report a year-over-year decline in earnings due to lower revenues in its upcoming quarterly results, which could significantly influence its near-term stock price [1][3]. Earnings Expectations - The consensus estimate for Oxford Industries' quarterly earnings is $1.82 per share, reflecting a year-over-year decrease of 31.6%. Revenues are projected to be $385.23 million, down 3.3% from the same quarter last year [3]. - The consensus EPS estimate has been revised 1.97% lower over the past 30 days, indicating a reassessment by analysts regarding the company's earnings outlook [4]. Earnings Surprise Prediction - The Most Accurate Estimate for Oxford Industries is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +0.92%. This suggests a bullish sentiment among analysts regarding the company's earnings prospects [12]. - The stock currently holds a Zacks Rank of 3, indicating a neutral outlook, but the combination of a positive Earnings ESP and this rank suggests a likelihood of beating the consensus EPS estimate [12]. Historical Performance - In the last reported quarter, Oxford Industries was expected to post earnings of $1.28 per share but exceeded expectations with actual earnings of $1.37, resulting in a surprise of +7.03% [13]. - Over the past four quarters, the company has only beaten consensus EPS estimates once [14]. Conclusion - While Oxford Industries is viewed as a compelling candidate for an earnings beat, it is essential to consider other factors that may influence stock performance beyond just earnings results [15][17].

Company Announcement - Oxford Industries, Inc. plans to release its first quarter fiscal 2025 financial results after the market close on June 11, 2025 [1] - A conference call will be held at 4:30 p.m. ET on the same day, hosted by the CEO and CFO to discuss the financial results [1] Webcast Information - A live webcast of the conference call will be available on the company's website [2] - A replay of the webcast will be accessible through June 25, 2025, both on the website and via phone [2] Company Overview - Oxford is a leader in the apparel industry, owning brands such as Tommy Bahama, Lilly Pulitzer, and Johnny Was [3] - The company's stock has been traded on the New York Stock Exchange since 1964 under the symbol OXM [3]

Core Insights - The article discusses the use of cookies to enhance user experience and analyze website traffic [1] Group 1 - The company utilizes cookies to improve user experience [1] - Data collected from site usage may be shared with analytics partners [1] - Consent is required from users to store cookies on their devices [1]

Financial Performance - Consolidated net sales for Fiscal 2024 were $1,516,601, a decrease of 3.5% from $1,571,475 in Fiscal 2023[46] - Tommy Bahama accounted for 57% of total net sales, generating $869,604 in Fiscal 2024, down from $898,807 in Fiscal 2023[47] - Lilly Pulitzer's net sales were $323,917 in Fiscal 2024, a decline of 5.7% from $343,499 in Fiscal 2023[46] - Johnny Was reported an operating loss of $8,763 in Fiscal 2024, following a $111 million impairment charge in Fiscal 2023[46] Sales Channels - Direct to consumer operations represented 84% of Tommy Bahama's net sales in Fiscal 2024, with e-commerce contributing $222 million, or 26% of Tommy Bahama's net sales[48][49] - Lilly Pulitzer's direct to consumer operations accounted for 83% of net sales in Fiscal 2024, with e-commerce generating $157 million, or 48% of total net sales[65] - Johnny Was's direct to consumer operations represented 81% of net sales in Fiscal 2024, with the website generating $84 million, or 43% of total net sales[76] Retail Performance - Tommy Bahama's full-price retail stores generated sales per gross square foot of approximately $770 in Fiscal 2024, down from $815 in Fiscal 2023[51] - Full-price retail store sales per gross square foot for Lilly Pulitzer increased to approximately $748 in Fiscal 2024 from $737 in Fiscal 2023[69] - Johnny Was full-price retail store sales per gross square foot decreased to approximately $614 in Fiscal 2024 from $664 in Fiscal 2023[77] Store Expansion - Tommy Bahama plans to open four Marlin Bar locations in Fiscal 2025, including conversions of existing full-price retail stores[58] - Lilly Pulitzer opened a net total of four new stores in Fiscal 2024, bringing the total to 64 stores, with plans to open at least four new stores in Fiscal 2025[72] - Southern Tide opened 11 new stores during Fiscal 2024, increasing the total to 30 stores, with plans for at least five additional openings in Fiscal 2025[90] Wholesale Operations - Wholesale sales for Tommy Bahama accounted for 16% of net sales in Fiscal 2024, with 12% of sales coming from the top 10 wholesale customers[62] - Johnny Was's wholesale operations accounted for 19% of net sales in Fiscal 2024, with 40% of wholesale sales to department stores[84] - Lilly Pulitzer's net sales to its 10 largest wholesale customers represented 10% of total net sales in Fiscal 2024, with the largest customer accounting for less than 5%[73] Marketing and Advertising - In Fiscal 2024, the company incurred $111 million in advertising expenses, representing 7% of net sales[95] - Marketing initiatives have increased online and in-store traffic, with promotional events putting downward pressure on direct-to-consumer gross margins[97] - The company continues to enhance its digital marketing strategies to engage consumers and drive traffic to its e-commerce platforms[96] Supply Chain and Sourcing - The company paid total duties of $60 million on imported products in Fiscal 2024, with an average duty rate of approximately 19%[110] - During Fiscal 2024, 39% of apparel and related products were sourced from China, and 24% from Vietnam[105] - The company sources products from approximately 260 suppliers, with no individual supplier providing more than 10% of total purchases in Fiscal 2024[104] Financial Management and Risks - As of February 1, 2025, the company had $31 million of borrowings outstanding under its U.S. Revolving Credit Agreement, with a weighted average interest rate of 6%[378] - A 100 basis point increase in interest rates would increase interest expense by less than $1 million based on the current variable-rate debt[378] - The company has 97% of its consolidated net sales in the United States, indicating limited exposure to foreign currency exchange rate changes[380] - The company does not anticipate that foreign currency changes will materially impact consolidated net sales, operating income, or net earnings in the near term[380] - Inflation risks are managed through negotiating product prices in advance, selective price increases, and cost containment initiatives[381] - The company expects to increase debt levels during Fiscal 2025 to fund planned capital expenditures, share repurchases, dividends, and working capital needs[378] - The company is exposed to market risks from changes in interest rates, commodity prices, and foreign currency exchange rates[375]

Group 1 - The investment strategy focuses on long-only investment, evaluating companies from an operational and buy-and-hold perspective, rather than market-driven dynamics [1] - The articles emphasize understanding the long-term earnings power of companies and the competitive dynamics within their industries [1] - The majority of recommendations will be holds, indicating a cautious approach to market conditions and a belief that only a small fraction of companies are suitable for buying at any given time [1] Group 2 - The articles aim to provide important information for future investors and introduce a healthy skepticism towards a generally bullish market [1] - There is a clear distinction made between the author's opinions and professional investment advice, highlighting the need for readers to conduct their own due diligence [2][3]

Group 1: Oxford Industries Inc (OXM) - OXM stock is down 4.1% at $60, having previously hit a four-year low of $53.23, despite beating fourth-quarter earnings [1] - The company forecasts a lower-than-expected full-year profit due to declining consumer demand [1] - OXM has seen a significant decline of 25.2% in 2025 and nearly 50% over the last 12 months [2] Group 2: Lululemon Athletica Inc (LULU) - LULU stock is down 14.2% at $289.73, impacted by a disappointing forecast citing tariff concerns, inflation, and weak demand [3] - Following the grim outlook, 15 analysts have reduced their price targets, with BMO cutting it from $313 to $302 [4] - Despite the downturn, 17 out of 30 firms still rate LULU as a "buy" or better, with an average 12-month price target of $398.85, representing a 38.2% premium to current levels [4]