Lululemon Athletica, inc. (LULU) may not have had the second-quarter performance it was hoping for, but the market hasn’t responded with panic yet, and LULU investors shouldn’t either. The company acknowledged where it’s falling short and has a plan to turn things around. Revenue climbed to $2.37 billion, a 7% improvement from this time [...]
The first half of 2024 has been rough for Lululemon Athletica (LULU), as the stock has fallen 40% in the past 6 months or so. However, the company delivered first-quarter earnings results that helped buoy the stock a bit - it regained 12% in the past week and is up 9% so far in [...]
Gap Inc. (GPS) delivered an impressive Q1 performance, beating the analyst consensus on both the top and bottom lines. The stock has climbed 26% so far in Friday’s trading session in response. Sales grew 3% to $3.4 billion in the first quarter, driven in part by stronger sales in the Old Navy brand. Analysts [...]
Victoria’s Secret (VSCO) is down more than 30% so far Thursday after issuing a sales guidance that fell short of analyst expectations. The company is now forecasting net sales in 2024 of $6 billion. Meanwhile, the expectation on Wall Street was at least $6.19 billion. This cautious forecast is being attributed to a drop [...]
The Children’s Place (PLCE) is up more than 78% Thursday morning after news broke that an investment group came together to build a majority stake in the company. Snowball Compounding Ltd. and groups associated with Mithaq Capital (a Saudi Investment firm) teamed up to claim a 54% stake and will nominate 11 people for [...]
Foot Locker (FL) started Monday morning on the wrong side of the bed falling nearly 5% in pre-market trading. Since the bell sounded though, the stock has recovered those losses and settled around a 1% loss. All this came after Citi Bank downgraded the stock to a sell. Analyst Paul Lejuez believes the stock [...]
Shares of Gap Inc. (GPS) skyrocketed 31% Friday morning to end the week with a bang as the stock has now gained 74% in the past 3 months. The timing is right for Gap investors after the company delivered impressive 3rd quarter earnings and teased that more was to come in the quarters ahead. [...]
Shares of Levi Strauss (LEVI) are trading lower in Friday's pre-market trading session after the clothing manufacturer delivered lackluster third-quarter earnings coupled with an unoptimistic full-year outlook. The company saw weakened consumer spending for the quarter which led to a 1% drop in sales to $1.51 billion. This fell short of the Wall Street [...]
Lululemon (LULU) seems to be unphased by the broader economic climate, as the athleisure company delivered impressive earnings for the second quarter. While most brands struggle with sales as consumers are becoming more stringent with discretionary spending, the company reported an 11% sales growth. This led to revenue of $2.21 billion for the quarter, [...]
While much of the sporting retail industry takes steps backward amidst this challenging economic climate, Hibbett Sporting (HIBB) reported second-quarter earnings that outperformed not just the analyst expectations, but industry rivals too. The company reported sales of $374.9 million, which was just shy of the consensus of $376 million. This was a 4.6% decline [...]
