Lululemon, Ulta Beauty earnings: What's happening in retail?

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Ulta Beauty समाचार

Lululemon,Earnings Results,Adjusted Earnings

Athleisure clothing brand Lululemon (LULU) and consumer cosmetics company Ulta Beauty (ULTA) have both lowered their full-year 2024 guidance in their latest ...

in their latest earnings results. Initially moving higher in Friday's pre-market trading, Lululemon shares have since ticked down in regular trading hours.: $2.37 billion in revenue , and adjusted earnings of $3.15 per share . Ulta's earnings saw $2.55 billion in revenue and adjusted earnings of $5.30 per share .That earnings call yesterday, uh, Lululemon lowering its guidance and posting its first revenue miss in almost two years.

Brad do not like to hear, uh, people taking to tiktok saying they do not like their $150 pants because their butt is getting flat.They will likely stay in the penalty box today.

Overall, I think Alta has a lot of proving to do with that October investor day to get the excitement back, uh, on the street despite Warren Buffett, uh, really backing the company.

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Ulta Beauty reports disappointing earnings after Warren Buffett's Berkshire Hathaway takes stakeAs investors pull back on the beauty retailer, Berkshire Hathaway is buying in.
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