About lululemon athletica inc. - Common Stock (LULU)
Lululemon Athletica is a leading retailer specializing in athletic apparel and accessories, primarily focused on yoga, running, and workout gear. The company offers a wide range of high-quality, performance-oriented clothing for both men and women, as well as a selection of lifestyle products that promote an active and healthy lifestyle. Recognized for its innovative designs and commitment to sustainability, Lululemon encourages a community-oriented culture through fitness programs and events, fostering a strong brand loyalty among its customers. Read More
Lululemon is expected to post second-quarter net revenue of $2.54 billion and earnings per share (EPS) of $2.86, according to data compiled by Fiscal AI.
Shares of athletic apparel retailer Lululemon (NASDAQ:LULU)
fell 1.6% in the afternoon session after Jefferies lowered its price target on the stock, adding to investor concerns about the athletic apparel maker's growth prospects. The investment firm reduced its price target to $150 from $160 while maintaining its "Underperform" rating. This bearish view comes amid broader worries about the company's performance, particularly a slowdown in U.S. traffic, which is a significant risk given the U.S. market represents three-quarters of Lululemon's revenue. Compounding these concerns, the company is set to report second-quarter results on September 4, with analysts' consensus estimates suggesting a nearly 10% decline in earnings per share from the year-ago period, even as sales are expected to grow.
The flood of reports from retail companies tells us a lot about consumer spending. Plus the market is once again buying into meme stocks and SPACs. Is this time different?
