News Formal

Lululemon Earnings Are Today. Why the Results Could Blow Past Competitors.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

The company continues to see strong sales momentum even as consumers have started to pull back on discretionary spending.

Lululemon Athletica stock has sprinted ahead of its competitors, and some analysts say the company’s second-quarter earnings could give the shares a second wind.Wall Street is betting that Lululemon will meet or beat analyst estimates for the quarter. The company is expected to turn in adjusted earnings of $2.54 a share on $2.17 billion in revenue, according to FactSet. Same-store sales could rise by 12.1%.

“While the macro environment has become increasingly challenging, we’ve seen that high momentum brands have continued to perform well,” wrote Wedbush analyst Tom Nikic in a Wednesday note. Lululemon is one of those brands, he added. Lululemon’s high-income consumer base might also help pad the company’s top line. Results from other retailers with exposure to higher-income consumers—including Abercrombie & Fitch and Urban Outfitters —suggest this demographic continues to spend, even as other consumers pull back.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 3. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Inflation data, Broadcom earnings, Lululemon: 3 things to watch By Investing.comInflation data, Broadcom earnings, Lululemon: 3 things to watch
Sumber: Investingcom - 🏆 450. / 53 Baca lebih lajut »

Stock market today: Asian shares mostly rise as attention turns to earnings, economiesAsian shares are mostly rising as markets shift their attention from the U.S. Federal Reserve to earnings and economic reports.
Sumber: AP - 🏆 728. / 51 Baca lebih lajut »

Stock market today: Global shares mostly rise as attention turns to earnings, economiesGlobal shares are mostly rising as markets shift their attention from the U.S. Federal Reserve to earnings and economic reports.
Sumber: ksatnews - 🏆 442. / 53 Baca lebih lajut »

Stock market today: Global shares mostly rise as attention turns to earnings, economiesGlobal shares are mostly rising as markets shift their attention from the U.S. Federal Reserve to earnings and economic reports.
Sumber: wjxt4 - 🏆 246. / 63 Baca lebih lajut »