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...
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
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...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
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...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
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...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
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.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »