Lululemon stock surges after company boosts profit outlook, stock buybacks

) rose about 4% on Thursday after the company boosted its full-year profit outlook and raised its stock repurchase program by $1 billion.

The report came as investor concerns mount over the company's slowing sales growth amid growing competition in the athleisure space from. Prior to the earnings release, Lululemon stock was down about 40% to start 2024, making it one of the worst performers in the S&P 500 shares are trading slightly lower early Thursday after the tech giant's market cap briefly topped $3 trillion for the first time on Wednesday.

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.

Lululemon stock pops on earnings, buyback plansLululemon Athletica (LULU) shares popped in after-hours trading. The retailer posted first quarter earnings of $2.54 per share, topping the $2.39 estimate...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Lululemon to report Q1 earnings with sales growth in focus amid stock slideLululemon is expected to report first quarter results after the bell on Wednesday as investors search for more clarity on future sales growth amid a 40% fall...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Lululemon earnings, Nvidia's $3T+ market cap, Musk's pay package: Market Domination OvertimeOn Wednesday's episode of Market Domination Overtime, hosts Julie Hyman and Jared Blikre explore Musk's pay package, Lululemon's (LULU) earnings, key after...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »