Lululemon Stock Pops on Earnings Beat and CEO Change
Lululemon Athletica stock jumped Thursday after the company posted a better-than-expected fiscal third quarter and said CEO Calvin McDonald would be stepping down next year…
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Lululemon CEO McDonald to step down, shares rise 10%
Lululemon Athletica (LULU.O) said that CEO Calvin McDonald was leaving the company without a replacement and raised its annual profit forecast, sending shares up…
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Lululemon shares plunge 23 per cent after hours on weak guidance
Vancouver-based apparel retailer had a good first quarter, ended May 4, but weak guidance and same-store sales growth likely dampened…
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Lululemon leans on newness to lure reluctant US customers
This year the brand plans to expand its footprint by opening stores and enlarging existing locations, and will add new markets abroad…
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Shares of Hoka Maker Get Tripped Up, Nike Stock Is Out, Abercrombie In, As Apparel Retailers ‘Seek Religion’ On Inventory
The new world of fast fashion has led to a widening rift among clothing brands and retailers this year, one that has….
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Lululemon Athletica Tops Earnings. The Stock Falls on Soft Holiday Guidance.
Lululemon Athletica’s third-quarter revenue rose nearly 20% and earnings beat the Street’s expectations…
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International business and accessories growth fuel Lululemon sales
Accessories and new market entries are keeping Lululemon customers coming back. On Thursday, the company reported its 2023 second quarter earnings, in which revenue jumped by 18% year-over-year to $2.2 billion, while same-store sales increased 11%. Lululemon’s quarterly profit hit $341.6 million, compared to $289.5 million the same period last year.
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Lululemon outlook lift thrills Wall St as yogawear stays in vogue
Lululemon Athletica Inc (LULU.O) raised its annual sales and profit forecasts on Thursday as wealthy Americans snap up its pricey activewear even though inflation hounds wider retail spending, sending the company’s shares up 13% after hours. A strong rebound in China, easing air freight costs and tighter inventory control also helped first-quarter results surpass estimates…
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Lululemon raises full-year forecasts, unaffected by inflation, China curbs
Lululemon Athletica (LULU.O) on Thursday raised its full-year revenue and profit forecasts on strong demand for athleisure, and said the impact from COVID-19-related lockdowns in China was modest and more than offset by strength in other regions. Affluent U.S. customers have been helping the premium sportswear maker sustain the sales momentum it attained during the peak of…
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Lululemon forecasts strong 2022, plans selective price hikes
Lululemon Athletica (LULU.O) on Tuesday forecast full-year profit and revenue above estimates as demand for athletic wear remains consistent even as people return to offices, and said it plans selective price increases on some of its products. Shares of the yogawear maker rose about 8% in extended trading as the company also posted better-than-expected fourth-quarter…
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