Bernstein Senior Analyst Aneesha Sherman shares her insights on the athletic wear stocks, particularly Lululemon as it continues to capture more market share from luxury retail consumers.
"Year-to-date, in January continuing into February and early March, the trends have been very weak in the US market, in particular. Management talked about this on the call yesterday, they said there was some challenging US consumer dynamics — traffic is flowing, conversion is flowing," Sherman says."I think it's a combination of macro, the middle-income consumer is getting squeezed right now and that is the Lulu consumer...
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Nike, Lululemon fall on earnings, Reddit enters second day of trading: Yahoo Finance LiveIt's a rough day for two athletic retail companies. Nike's (NKE) fiscal third quarter earnings and revenue topped expectations, but a weak outlook and...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »
Stock gains, FedEx earnings, Nike and Lululemon: 3 ThingsStocks (^DJI, ^IXIC, ^GSPC) are poised to see weekly gains after all three market indices closed at record highs the past two days. FedEx (FDX) shares move...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »
Nike rises on earnings, Lululemon drops on outlook: Analyst's takeIt's a tale of two athletic apparel makers. Nike (NKE) reported third-quarter results that were better than Wall Street had been expecting. Lululemon...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »
Nike stock jumps on Q3 earnings beatNike (NKE) reported better-than-expected third-quarter results. The athletic apparel retailer posted adjusted earnings per share of $0.77 compared to a $0.74...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »
Trading Game Plan: Stock market levels, crypto cycles, gold drop, FDX, LULU, and NKE trades highsThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Herkunft: KitcoNewsNOW - 🏆 13. / 78 Weiterlesen »