Lululemon was a proven winner long before the pandemic boosted its sales growth. Its post-pandemic hangover might only be temporary.
Premium sportswear brands are enjoying robust growth in China as they take to directly courting their main customers, posing yet another setback to megabrands Nike and Adidas as they grapple with local competitors in the $55 billion sportswear market.
LULU's first-quarter performance exceeded expectations, with revenue and EPS beating analyst estimates. The company's international markets, particularly China, showed strong growth and helped offset a slowdown in the Americas. Despite the departure of the chief product officer, LULU's ability to innovate remains intact, with new products set to launch. Valuation is attractive with a potential upside of 65%.
Lululemon reported solid Q1 results, with strong international sales growth. Gross margins remained strong, while inventory levels were kept lean.
Lululemon (LULU) continued to reaffirm its attractive growth prospects are still intact after beating Q1 top and bottom-line expectations on Wednesday.
LULU stock is down 40% this year but there's more to the story.
While the company's earnings report sent the stock soaring, analysts say the results might not be enough to counter long-term growth concerns.
Lululemon has seen success with its Two-Tone Canvas Tote Bag, which sold out almost instantly, but the company said it had a “missed opportunity” by not amassing enough supply last quarter.
Lululemon Athletica Inc (NASDAQ:LULU) shares traded higher after the athletic apparel retailer reported better-than-expected first quarter results, but analysts at Jefferies remain bearish on the stock. They reiterated their ‘Underperform” rating with a base case price target of $240 and downside case price target of $150.
lululemon's (LULU) Q1 results benefit from the momentum in its international business, innovative product offerings and progress on optimizing the U.S. product assortments.
After trading down to a tragic 60% of their 52-week high levels, shares of Lululemon Athletica Inc. NASDAQ: LULU just gave fundamental investors another reason to add this stock to their potential buy watchlists. In the after-market hours of June 6, the stock rallied by as much as 50 points, or 13.6%, from its previous closing price.
Lululemon Athletica (LULU) shares jumped more than 8% ahead of Thursday's opening bell after the activewear retailer posted better-than-expected quarterly results, raised its full-year earnings guidance amid an improved second-half inventory outlook, and boosted its stock buyback program.