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Latest LULU News From Around the Web
Below are the latest news stories about lululemon athletica inc that investors may wish to consider to help them evaluate LULU as an investment opportunity.
I’ve written about Lululemon (LULU) a few weeks ago when I said the downturn was a good opportunity to accumulate shares. In that article, I said, despite the high P/E ratio, the company was still a good investment. The stock has rallied since my recommendation and now has fallen back...
The athletic apparel specialist is leaning into its digital sales channel while keeping its bold physical expansion plans.
Interactive fitness has exploded over the last few years with Peloton Interactive doing a lot to popularize the concept. Last quarter, lululemon athletica (NASDAQ: LULU) got in the game with the $500 million acquisition of Mirror, a maker of premium digital workout displays, and it has big plans to begin growing the brand this holiday season. While Mirror is small with only $150 million in revenue expected for 2020, Lululemon will begin selling the device in a few stores by the end of the year before aggressively investing in growth starting in 2021.
Both of these companies are likely to lift your portfolio in the long term. But just one represents the best buying opportunity right now.
As the market has taken a bit of a step back here (down 6% over the last five days), stocks are also taking a hit. Lululemon (LULU) has fallen ~20% in those same five days, including a gap down of almost 10% after releasing earnings that killed expectations yet again....
Peloton is well aware it's sitting on a nice chunk of change. Founder and CEO John Foley explains how he is thinking about putting that money to use.
Yahoo Finance's Jared Blikre breaks down some of the features of the Yahoo Finance Premium package. Not a subscriber? Start your free trial to join future webinars live!
E-commerce sales accelerated again to a triple-digit growth rate and made up 61% of total revenue during the fiscal second quarter. Management sees e-commerce growth remaining at elevated levels, though not as high as the recent quarter, which could be beneficial to Lululemon's bottom line beyond COVID-19. For the quarter, total revenue increased 2% year over year, driven by an impressive 157% increase in e-commerce sales.
Athletic apparel retailer Lululemon is facing criticism after promoting a “decolonizing gender” workshop that included themes of anti-capitalism, prompting backlash from social media users who called the workshop ironic.
Source: Barron's Lululemon (LULU) reported quarterly revenue of $902.94 million, Non-GAAP EPS of $0.74 and GAAP EPS of $0.66. The company beat on revenue and earnings. The stock is down in the high single-digit percentage range post-earnings. I had the following takeaways on the quarter. Anemic Revenue Growth Amid the...