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…
Read article 
Lowe’s sees steeper drop in annual sales as DIY demand stumbles
Lowe’s Cos (LOW.N) on Tuesday projected a bigger drop in annual same-store sales than previously expected, as inflation-hit consumers cut spending…
Read article
Best Buy Cuts Forecasts as Sales Fall Short. Consumer Demand Is ‘Uneven.’
Best Buy (ticker: BBY) posted adjusted earnings of $1.29 a share in the third quarter, beating the consensus call for $1.19 among analysts…
Read article
Target’s Store Closures Raise Eyebrows. What’s Really Going on With Retail Theft?
Target garnered national attention last week when it said it would close stores in four major cities, citing rising problems with theft and violent crime. But while such moves make it clear that the retail industry is struggling with a theft problem, it’s surprisingly hard to get concrete picture of just how big that problem…
Read article
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.
Read article
Look Past the Retail Doom and Gloom. There Are Still Some Winners.
Many retail stocks have been ravaged amid a tempestuous earnings season.
Read article
Home Depot customers go big on smaller projects
Home Depot customers are still shopping — they’re just shifting their priorities on improvement projects. “Our customers and our contractors tell us that there is some stance of deferral when it comes to large projects. Customers are opting for smaller versus larger,” Home Depot CFO Richard McPhail said during Tuesday’s earnings call. “We are also…
Read article
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…
Read article
Home Depot’s Earnings Hit Lowe’s Stock Too. Here’s Why.
Home Depot’s downbeat forecast sent a chill through the home-improvement sector and the wider market last week. That pushed down Lowe’s stock, albeit temporarily, and led to lower expectations for the rival retailer’s coming results, slated for early Tuesday. Analysts had already been lowering their earnings and revenue estimates for Lowe’s (ticker: LOW), which stood…
Read article