Athleisure remains hot in the US, and international growth is on a tear. With only 70 stores outside the US and Canada, there is a long way ahead for lululemon's geographic expansion in international markets. Expansion of the men's line should also drive additional square footage growth.
Lululemon shares climb 3% after raising fourth-quarter outlook Lululemon raised its fourth-quarter outlook for both revenue and earnings Monday. Shares of the athleisure retailer rose 3 percent in premarket trading. While Macy's and other retailers struggled to meet expectations for holiday sales, Lululemon reported that its holiday season was stronger than expected. Shares of Lululemon rose nearly 3 percent in premarket trading Monday after the company indicated it saw strong sales during the holidays. While retailers like Macy's struggled to meet expectations for their holiday sales, Lululemon benefited from the best holiday season in six years. Monday morning, the athleisure retailer raised its forecast for both revenue and earnings for the quarter that ends Feb. 3. "The momentum in our business remained strong throughout the holiday season, reflecting the ongoing success of our product offerings and our connection with guests around the globe," CEO Calvin McDonald said in a statement. Excluding a tax expense, it now expects to earn between $1.72 and $1.74 per share, up from its previous estimate of $1.64 to $1.67 per share. Net revenue is expected to reach a range of $1.14 billion to $1.15 billion, with same-store sales increasing in the mid-to-high teens. That outlook is up from its prior fourth-quarter forecast of $1.12 billion to $1.13 billion in revenue. The company has beat its internal updated sales outlook for the fourth quarter for the last four years and topped its earnings forecast for three out of the last four, according to a note from Baird analyst Mark Altschwager. When Lululemon announced its third-quarter earnings in December, the company's outlook for the fourth quarter disappointed investors, who sent shares down 3 percent. The Vancouver-based company's management will be meeting with analysts and investors at the ICR Conference in Orlando on Monday and Tuesday. Over the past year, Lululemon shares are up 67 percent over the past year. The company has a market cap of $17.5 billion.
On closer look, LULU has been underperforming since last quarter. If it can't outperform the retail ETF, you're probably better off holding the ETF because the diversification avoids volatile events like this. LULU got a runup in the month leading to the recent ER, before a warning signal in the day before and the day of, but now back on downtrend.
Think this headline says all you need to know: Lululemon lampooned for 'resist capitalism' post Lululemon, known for its £128 yoga leggings, is facing mockery on social media for promoting an event about "decolonising gender" and how to "resist capitalism". https://www.bbc.com/news/business-54121641
exactly. if we decolonise gender wouldn't we be back to male and female? these people need to stay off social media and the . better to remain quiet and thought a fool than to speak up and remove all doubt.
