Market movers: Stocks seeing action on Friday - and why

High inflation, rising interest rates and the threat of a recession in the United States have resulted in a shift in consumer spending, impacting sales of apparel and sportswear as cash-strapped consumers focus on essentials.

The holiday season is off to a good start with strong traffic over the extended Thanksgiving weekend, Chief Finance Officer Meghan Frank said on a post-earnings call. Lululemon sees current-quarter profit between US$4.20 and US$4.30 per share, while analysts estimate US$4.30. “We think the negative reaction to the 3Q print is overblown,” he said. “Sales continue to be significantly above Consensus, and LULU noted several times that 4Q is off to a strong start . The balance of LULU’s growth continues to be incredibly encouraging—with men’s, women’s, accessories, North America, and International all continuing to grow double-digits on three-year CAGRs.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Market movers: Stocks seeing action on Wednesday - and whyA look at North American equities heading in both directions
Source: globeandmail - 🏆 5. / 92 Read more »

U.S. crude stocks drop while fuel inventories post large builds, EIA saysU.S. crude inventories fell by 5.2 million barrels in the week to Dec. 2 to 413.9 million barrels, a decline that far exceeded analysts’ expectations
Source: globeandmail - 🏆 5. / 92 Read more »

Thursday’s small-cap stocks to watchOur roundup of Canadian small-caps of between $100-million and $3-billion in market capitalization making news
Source: globeandmail - 🏆 5. / 92 Read more »