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Lululemon Athletica Inc Add to portfolio

COMP:LULU, Jan 20, 08:43 UTC

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Tuesday, January 14


News

Lululemon Crushed It Over the Holidays

LULU

Just when athletic apparel company lululemon athletica's (NASDAQ: LULU) momentum was looking as if it couldn't get any better, it did. The company crushed it over the holidays, so much so that management said it now expects its fiscal fourth-quarter revenue and earnings per share to be significantly higher than the guidance range it laid out for the period when it reported fiscal third-quarter results in December. "We're excited by the momentum in our business over the holiday period with guests responding well to our innovative merchandise offerings," said Lululemon CEO Calvin McDonald in a press release on Monday. Management also said it now expects a comparable sales growth rate in the mid to high teen percentages on a constant-currency basis -- up from the prior expectation for a growth rate in the low double digits.

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Monday, January 13


News

Lululemon, At Home Group Rise; Five Below, Abiomed Fall

LULU

Business|Lululemon, At Home Group Rise; Five Below, Abiomed Fall. NEW YORK — Stocks that moved heavily or traded substantially on Monday:. The home goods retailer said it expects fourth-quarter sales to reach the high end of its forecast. The maker of carbon fiber aerospace parts is being bought by rival Woodward in an all-stock deal.

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News

Lululemon raises quarterly forecast after upbeat holiday sales

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SECTIONS. Home. World. Markets. Business. Politics. Technology. U.S. Lululemon raises quarterly forecast after upbeat holiday sales. (Reuters) - Lululemon Athletica Inc (LULU.O) raised its quarterly sales and profit outlook on Monday, helped by strong holiday sales. The athleisure apparel retailer now expects fourth-quarter profit per share to be between $2.22 and $2.25, up from its prior range of $2.10 to $2.13. The company also raised its quarterly net revenue forecast to between $1.37 billion and $1.38 billion, from $1.32 billion to $1.33 billion. Download the app to read more Reuters News.

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News

Lululemon raises profit, sales forecast on upbeat holiday demand

LULU

(Reuters) - Lululemon Athletica Inc <LULU.O> raised its quarterly sales and profit outlook on Monday, as the Canadian apparel maker's efforts to ramp up its online presence and broaden its range helped drive sales during the all-important holiday period. The raised forecast comes after U.S. retailers, including Kohl's Corp <KSS.N>, Macy's Inc <M.N> and J.C. Penney Co Inc <JCP.N>, reported mixed holiday results amid intense competition from online sellers including Amazon.com Inc <AMZN.O>. "View these (Lululemon's) results as industry leading and reflect the strength of product innovation, technology initiatives, marketing efforts and management execution," MKM Partners analyst Roxanne Meyer said, raising the price target by $6 to $264. Meyer added that the higher fourth-quarter forecast implies that Lululemon had attracted new customers in the holiday season and reflects e-commerce sales growth in the low-30% range.

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Saturday, January 11


News

Why lululemon athletica Stock Soared 90% in 2019

LULU

Why lululemon athletica Stock Soared 90% in 2019 | NASDAQ. What happened. Shares of lululemon athletica(NASDAQ: LULU) gained 90.5% last year, according to data from S&P Global Market Intelligence. Investors have been high on the athletic apparel industry in recent years, as it's been one of the most consistent areas of the retail sector. Revenue from men's, digital, and international channels were each up 30% or more in the most recent quarter. What's most impressive is that Lululemon is investing in all these areas, including new store formats and launching new products like self-care while showing steady improvement in gross margin.

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Friday, January 10


News

Why Is Lululemon (LULU) Up 5.1% Since Last Earnings Report?

LULU

Will the recent positive trend continue leading up to its next earnings release, or is Lululemon due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Further, it spent nearly $78 million toward capital expenditure in third-quarter fiscal 2019 mainly related to IT and supply-chain investments, and store capital for new locations, relocations and renovations. During the fiscal third quarter, the company bought back 44.5 thousand shares for less than $8 million at an average price of $179.71 per share. As of Nov 3, 2019, it had nearly $328 million outstanding under its new $500-million share repurchase plan announced at the beginning of fiscal 2019.

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Monday, December 30


News

The Zacks Analyst Blog Highlights: Amazon, Microsoft, Apple, Netflix and Facebook

LULU NFLX +5 more LULU NFLX AMZN AAPL MSFT FB SBUX

Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Amazon AMZN, Microsoft MSFT, Apple AAPL, Netflix NFLX and Facebook FB. A decade is a long time by any standards, but in technology, a decade is a lifetime. And in the last one, technology became a more fluid thing, filling gaps we never perceived existed, bringing people closer together like never before, making life much easier and permeating into areas where we didn’t always want it. For enterprises, this meant a bring your own device (BYOD) trend, melting away the distinction between consumer and enterprise usage that had until then been so important to maintain. All this is, of course, facilitated by the cloud, which (mostly through Amazon’s AWS, but increasingly also Microsoft’s Azure and to a lesser extent, Google Cloud), faithfully maintains the computing resources, programs and data generated, so companies have the option to scale as required while spending only to the extent of resources consumed; and employees enjoy greater flexibility and speed to achieve more desirable outcomes.

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Tuesday, December 17


News

It's Blockbuster Growth as Usual at lululemon athletica

LULU

It's Blockbuster Growth as Usual at lululemon athletica | NASDAQ. Investors had high expectations for lululemon athletica(NASDAQ: LULU) heading into its third-quarter earnings report. The apparel retailer had trounced management's sales expectations in each of its prior announcements in 2019, and Wall Street was expecting more of the same this week. Lululemon's prior outlook called for sales to land at about $885 million this quarter, but investors have been used to the company outperforming on that metric, and so they were expecting revenue closer to $900 million.

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Monday, December 16


News

5 Reasons Investors Should Buy Lululemon's Post-Earnings Dip

LULU

lululemon athletica's (NASDAQ: LULU) stock recently tumbled after the company released its third-quarter earnings report. Lululemon's revenue rose 23% annually to $916 million, beating estimates by $19 million and marking its second straight quarter of accelerating sales growth. Those expanding margins indicate that the company is maintaining its pricing power in an increasingly competitive environment and that it isn't boosting its sales with markdowns like many of its brick-and-mortar peers. For example, Gap(NYSE: GPS) -- which competes against Lululemon with its Athleta and GapBody brands -- posted a 4% comps decline last quarter as its gross and operating margins both contracted. Looking back, it previously guided for just 18%-19% revenue growth, low-teens comps growth, and 20%-23% earnings growth in the third quarter -- and it easily beat all three estimates. Therefore, Lululemon's growth might decelerate in the fourth quarter, but its days of double-digit revenue and earnings growth are far from over. For the full year, Lululemon expects its comps to rise by the mid-teens, for its revenue to rise 18%, and for its EPS to grow 24%.

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Thursday, December 12


News

Stock Market News: lululemon Goes Lower; Constellation Shrinks Its Wine Deal

LULU STZ

Stock Market News: lululemon Goes Lower; Constellation Shrinks Its Wine Deal | NASDAQ. President Trump made an encouraging comment about the prospects for a resolution to the trade dispute between the U.S. and China, and investors took that as a positive sign. As of 11 a.m. EST, the Dow Jones Industrial Average(DJINDICES: ^DJI) was up 223 points to 28,134. Lululemon has done an excellent job of getting itself back in the game after suffering a devastating blow to its reputation several years ago. However, expectations are now high for the yoga apparel retailer, and declines like this for what has been a high-growth stock over the past year are likely to persist until those expectations become more reasonable. Shares of Constellation Brands were little changed on Thursday morning following reports that the spirits giant had sought to renegotiate terms of its proposed sale of various brands of wine and spirits to privately held E. & J. Gallo Winery.

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