Lululemon ($LULU) reports a double beat in Q4 but issues weak guidance for FY'24, causing shares to plummet by 10-17%. The CEO mentions a shift in U.S. consumer behavior affecting sales. Nike ($NKE) also faces a downturn after lackluster outlook and slowing China sales.
Nike, Lululemon shares sink as gloomy forecasts alarm analysts https://t.co/bbisLYrjRo https://t.co/wbXs6Mdg5Y
$LULU $359 to $388 would be a good entry This is still the stronger of $NKE $SHOO $BIRK $UA and $BIRD https://t.co/jEepg4ydHI
A little light on q1 and lulu takes it on the chin. Good opportunity as this is a great company that just put up very good numbers and with a rapidly growing international business. $LULU
$LULU is one of those high quality consumer names like $CMG $DASH and $UBER that tends to beat actual rev and eps ests, but initially falls on what turns out to be conservative guidance by a cautious CFO. After the initial fall, investors can usually make money buying the dip. https://t.co/mnqFbdr5WR
I don't think I want to bet against overpriced fitness clothing (and probably the most comfortable underwear I own). Would buy $LULU under 400 as it is coming into the high volume node in line with prior year VWAP and we also have a bullish seasonal trend coming up. https://t.co/4AEm5goryT
I don't think I want to be betting against the overpriced influencer clothing (and probably the most comfortable underwear I ever owned). Would buy $LULU under 400 if we get some sort of distribution there, as there is a prior year VWAP, high volume node POC and a bullish… https://t.co/utR6jo6cVZ
Retail under pressure: $LULU and $NKE shares sink. The Investment Committee debate how to trade the sector. https://t.co/bGYEov7G8B
I don't think I want to be betting against the overpriced influencer clothing (and probably the most comfortable underwear I ever owned). Would buy $LULU under 400 if we get some sort of distribution there. https://t.co/T4QExTuDMB
Like its peers, Lululemon has been grappling with uncertain demand & a slowdown in discretionary spending that’s hit the #apparel space particularly hard. $LULU Might explain exec insider selling at $ANF, took 4Q restructuring charges to boost future EPS https://t.co/OKRXGbMRfF
Weak $LULU? One word: Vuori (Long $NKE forever and always though!)
Why was $LULU a letdown? @jimcramer takes a #MadDash with @davidfaber through Lululemon's weak growth and light guidance. $LULU https://t.co/KVz5ZWIy85
$LULU down 17%, biggest one day drop since 2020 on outlook https://t.co/Eq0S5cYuiJ
$400 seems a decent place to start on $LULU https://t.co/AMQajG3Tgm
U.S. Markets at open | S&P 500 & NASDAQ open little unchanged #FedEx #Nike #Lululemon https://t.co/q7gbouYPAi
U.S. Markets at open, S&P 500 & NASDAQ open little unchanged #FedEx #Nike #Lululemon https://t.co/XujsCGdUGz
NOW: Lululemon sinks 15% at the open in its biggest drop since 2020. More from the Bloomberg markets wrap here: https://t.co/5P7Cp3HCFd https://t.co/iHUq5JvRRO
*LULULEMON SINKS 15% AT THE OPEN IN BIGGEST DROP SINCE 2020
3 things to know this morning: 1. Stock futures are in the red after major averages saw two record-setting days 2. $FDX shares surge despite missing revenue expectations 3. $NKE, $LULU shares sink on quarterly results Watch the live show here: https://t.co/tP0OT3stKc https://t.co/k9jB9zTWhw
A good pairs trade may be long $LULU and short $NKE. With $LULU, even if we accept that the US slowdown mgmt is seeing so far in 1Q is permanent, what multiple should investors pay for a +12% rev grower (down from +19%) and +15% earnings grower (down from +20%)? A 2x PEG on a… https://t.co/WUvAWF7oAh
*OVERNIGHT EARNINGS ROUNDUP: $FDX: FedEx Jumps 12% After Surprise EPS Growth Shocks Wall Street $NKE: Nike Shares Slide 6% On Lackluster Outlook, Slowing China Sales $LULU: Lululemon Shares Plunge 14% On Weak Guidance, Slowing North America Growth https://t.co/mhD1t3Ihcq
#Stocks making the biggest moves premarket: Reddit, Nike, FedEx and more $RDDT $NKE $FDX https://t.co/NerrDG5ITf
$LULU (-13.3% pre) Lululemon warns of slowing North America sales as spending falters - Reuters https://t.co/w2CEPQKdwE
Good Morning! Yesterday, the $LULU and $NKE reports joined a very long list of negative consumer data points that have surfaced recently Last week also saw a shortfall in February's retail sales and poor results and guidance from $DG and $DLTR Is the consumer weakening? https://t.co/7zNbPCUjgK
Lululemon warns of slowing North American sales as spending falters https://t.co/Rw7ikBuGat
Friday’s analyst upgrades and downgrades https://t.co/ItHpLTYBg6
FedEx earnings, Nike warning, Apple lawsuit - what's moving markets https://t.co/VlqYLxkVUx https://t.co/ILOK9iB74r
Friday's analyst calls: Nike gets a downgrade, Nvidia price target increase https://t.co/fc4KVTW87y
In today’s pre-mkt summary for Subscribers: S&P 500 heads for its best weekly gain of the year; other central banks echo the Fed’s dovish tilt; $TSLA lower after cutting production in TSLA Shanghai; $LULU and $NKE both issue disappointing FY’24 rev guidance.
FedEx jumps on profit beat, improved margins in its largest unit https://t.co/EsdztoK54L https://t.co/FLCA7j9SGW
Fed Ex $FDX Pre-market 297.41 +32.56 Beat and doing a 5B buyback.......but.. lower sales and reduced demand https://t.co/95sM1Hc3vL
These Stocks Are Moving the Most Today: FedEx, Nike, Apple, Reddit, Lululemon, and More https://t.co/0MD88BuNVp
FedEx tightens 2024 profit forecast on cost cuts, shares jump 13% https://t.co/OHOKoy28Bm https://t.co/mtkVuXI7ny
$LULU Lulu-Lemon •EPS: $5.29 beats (exp. $5.02) •Revenue: $3.2b meets (exp. $3.2b)
Lululemon's North America growth stagnates, retailer issues weak guidance $LULU https://t.co/rbP5TJORC4
$LULU (-10.5% after-hours) is getting undressed after guiding down on its report and issuing spooky comments about state of retail "There's been a change in the U.S. consumer, slower start to the year in the U.S." - CEO Calvin McDonald https://t.co/YqugPf8snO
Lululemon forecasts annual outlook below estimates, stock slumps 10% https://t.co/N7QVbcaM7k https://t.co/mrKKX6wuSY
Weak guidance and slowing North American growth are weighing on $LULU shares in the extended session. @KARInvest's Julie Biel and @timseymour trade the earnings print. https://t.co/aQHAFEB0KA
Stocks making the biggest moves after hours: Lululemon, FedEx, Nike and more https://t.co/8cb6xQduaa
Lululemon with a double beat. CEO: "As you’ve heard from others in our industry, there has been a shift in the U.S. consumer behavior of late and we’re navigating what has been a slower start to the year in this market" $LULU: -10% AH https://t.co/wPVVQLZsRY https://t.co/DlYt9fJgSh
$LULU taking a smack on a weak start in the US. Co pulls another 2x beat for Q4 (beating the prior higher guidance). Going after shoes and golf. Careful what you wish for on Men's, which outgrew women's in Q4. This is a really good company being nitpicked a little. https://t.co/TB23ilcbOK
$LULU "does have a history of promising low and delivering high," Morningstar equity analyst David Swartz says on Q1 earnings. "I'm always a little bit skeptical about their guidance." https://t.co/g8jssI6NYZ
$LULU (-9% AH) after 4Q results beat but company guided to light FY’24 and 1Q results. 4Q: - Rev $3.21B vs $3.19B est - Gross margin 59.4% vs 58.7% est - Adj EPS $5.28 vs $5.00 est - SSS 12.0% vs 13.5% est FY’25: - Rev $10.7B-$10.8B vs $10.96B est - Adj EPS $14.00-$14.20 vs…
Lululemon's North America growth stagnates, retailer issues weak guidance https://t.co/kZuleP9sIy
Upgrades 3/21: $AVGO $BRZE $DHT $FAF $FN $FRO $KC $LYG $MU $NBTB $PARA $RVLV $YPF $ZTO . Downgrades 3/21: $CNC
Here are Thursday's biggest analyst calls: Micron, Nvidia, Broadcom, Apple, Boeing, Microsoft, Tesla & more https://t.co/73ZESIb4TC
Stocks making the biggest premarket moves: Micron, Apple, Astera Labs, Broadcom and more https://t.co/S0FptnPi60
Happy $LULU and $NKE day. Both report after the close. Nike is due. Lulu pre-announced a beat for Q4 on January 8th. Which was a long time ago. Shorts have been waiting for the Lulu fad to die for years. Shares actually down 8% ytd (up 20% over 6mo) I have notes. https://t.co/V9i2F9KmVH
Thursday’s analyst upgrades and downgrades https://t.co/EgN4jaDgYy
These Stocks Are Moving the Most Today: Micron, Apple, Five Below, Guess, Astera Labs, Nike, and More https://t.co/0p22shqggP
Some of the largest stocks that report earnings tomorrow Nike $NKE FedEx $FDX Lululemon $LULU Accenture $ACN Darden Restaurants $DRI FactSet $FDS Commercial Metals $CMC Academy Sports $ASO Cia Energetica $CIG AAR $AIR Lufax $LU Winnebago $WGO
Key Earnings Reports After the Close Tomorrow AAR $AIR FedEx $FDX Lululemon Athletica $LULU Nike $NKE For more details, start a trial at https://t.co/H4p1RcpfIn.
Stocks making the biggest moves after hours: Micron, Five Below, Chewy and more https://t.co/8HSxN7GPrA