LULU
Lululemon Athletica Inc.NASDAQ
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  • Yesterday, 5:36 PM
    | Yesterday, 5:36 PM | 3 Comments
  • Yesterday, 4:15 PM
    • FQ3 adjusted EPS of $0.47 vs. $0.35 earned one year earlier, and topping estimates by $0.04.
    • Operating income of $93M up 36% Y/Y. Gross profit as a precent of revenue of 51.1% up from 46.9%.
    • Total comp sales - comp store sales plus direct to consumer - up 7% Y/Y. Comp store sales up 4%.
    • Cash and equivalents on hand at quarter's end of $480.4M vs. $403.4M a year earlier.
    • A $100M buyback program is approved.
    • CEO Laurent Potdevin: FQ4 started sluggishly, but has since improved.
    • FQ4 revenue guidance of $765M-$785M, with EPS of $0.96-$1.01. Full-year revenue of $2.32B-$2.34B, with adjusted EPS of $2.11-$2.16.
    • Conference call at 4:30 ET
    • Previously: Lululemon Athletica beats by $0.04, beats on revenue (Dec. 7)
    • LULU +11.5%
    | Yesterday, 4:15 PM | 3 Comments
  • Yesterday, 4:05 PM
    • Lululemon Athletica (NASDAQ:LULU): Q3 EPS of $0.47 beats by $0.04.
    • Revenue of $544.4M (+13.5% Y/Y) beats by $4.17M.
    • Shares +5.5%.
    • Press Release
    | Yesterday, 4:05 PM | 4 Comments
  • Yesterday, 12:45 PM
    • Lululemon (LULU +4.1%) trades strong in front of the company's Q3 earnings release due out later today.
    • Susquehanna thinks fears of an overly promotional Lululemon holiday quarter are unjustified. The firm also thinks margins may hold up for the retailer better than anticipated.
    • Earlier this week, Cowen issued a warning on LULU on concerns over November traffic.
    • Q3 consensus estimates on LULU: Revenue $540M, comparable sales growth +5.40% (constant currency), EPS $0.43.
    • Shares of Lululemon are at a two-month high.
    | Yesterday, 12:45 PM | 3 Comments
  • Tue, Dec. 6, 5:35 PM
    | Tue, Dec. 6, 5:35 PM | 1 Comment
  • Tue, Dec. 6, 8:12 AM
    • Credit Suisse adds Planet Fitness (NYSE:PLNT) to its top picks (#2 - first pick remains Hanesbrands (NYSE:HBI)) in apparel & footwear, noting comp-store sale acceleration to high single digits.
    • Firm believes PLNT will deliver double-digit revenue growth and 20%+ EPS growth for several years.
    • Adds Coach (NYSE:COH) as #3 pick, noting stabilization in the core business and a possible acquisition narrative.
    • Says COH is best-positioned company in the affordableluxury accessory group.
    • CS dumps NKE ("we see better opportunities elsewhere") and LULU ("downgraded to Neutral") from top picks.
    | Tue, Dec. 6, 8:12 AM | 17 Comments
  • Fri, Dec. 2, 7:48 AM
    • Canaccord Genuity lowers Lululemon (NASDAQ:LULU) to a Sell rating after having the retailer set at Hold.
    • The price target on LULU is slashed by the firm to $44 from $65.
    • LULU -2.90% premarket to $54.89 vs. a 52-week trading range of $44.62 to $81.81.
    | Fri, Dec. 2, 7:48 AM | 2 Comments
  • Mon, Nov. 28, 8:33 AM
    • Black Friday weekend channel checks from investment firms are still pouring in. A few tidbits are posted below.
    • Wells Fargo: Lululemon (NASDAQ:LULU) was a traffic outperformer, while Calvin Klein (NYSE:PVH) and Carter's (NYSE:CRI) held the line on pricing amid a promotional atmosphere.
    • Wedbush: High-profile video games were discounted more than last year. Keep an eye out on GameStop (NYSE:GME), Activision Blizzard (NASDAQ:ATVI), Take-Two (NASDAQ:TTWO) and Electronic Arts (NASDAQ:EA).
    • Fung Global Retail & Technology: Shoes (FL, FINL) were identified as a hot seller, while jewelry (NYSE:SIG) sales were down.
    • Jefferies: Unexpected strength for the UGG brand (NASDAQ:DECK) and Gap was observed. Demand for Michael Kors (NYSE:KORS) and Coach (NYSE:COH) handbags appeared soft.
    • Previously: Black Friday wrap: Records fall, retail winners and losers (Nov. 25)
    • Source: Bloomberg.
    | Mon, Nov. 28, 8:33 AM | 3 Comments
  • Fri, Nov. 25, 11:57 AM
    • KeyBanc calls Amazon (AMZN -0.1%) and Wal-Mart (WMT +0.7%) early winners of the Black Friday shopping period based on channel checks.
    • The investment firm confirms other reports that mall traffic is light. Within the mall sector, Lululemon (LULU +0.2%), Victoria's Secret (NYSE:LB) and Gaps (GPS -1.4%) are called outperformers - while concerns are raised over Buckle (BKE +0.6%) and Vera Bradley (VRA +0.8%).
    • Cowen also sees Wal-Mart as a winner. Pink (LB) and American Eagle Outfitters (AEO +0.2%) are also doing wel, according to analyst Olivia Chen.
    • MKM Partners has an eye on margins. The combination of "virtually all" retailers offering broad discounts on store assortment and a low level of inventory heading into the shopping period is striking.
    • FBR Capital reiterates the broad theme that online sales are diluting Black Friday store traffic. Despite the overhang - Carter's (CRI +0.2%), Hanesbrands (HBI -0.3%), Chico's (CHS +0.7%) and Children's Place (PLCE +1.3%) are called out by FBR as standouts.
    • #BlackFriday
    | Fri, Nov. 25, 11:57 AM | 11 Comments
  • Wed, Nov. 16, 8:32 AM
    • Lululemon (NASDAQ:LULU) is on watch after Credit Suisse shifts to a Neutral rating on the athletic apparel seller after having it lined up at Outperform.
    • CS cites an increase in "markdown intensity" at stores, an alarming trend for Q4 margins. Other retail watchers have issued similar warnings on some elevated markdown activity in the athleisure category due to the increase in selling channels.
    • LULU -2.31% premarket to $55.50 vs. a 52-week trading range of $43.14 to $81.81.
    | Wed, Nov. 16, 8:32 AM | 2 Comments
  • Tue, Oct. 25, 8:56 AM
    • Shares of Lululemon (NASDAQ:LULU) are lower in early trading in what appears to be a reaction to Under Armour's earnings report and conference call commentary.
    • Under Armour CEO Kevin Plank said liquidations and promotions are impacting margins at UA, including in the key athleisure category.
    • LULU -3.02% premarket to $54.50. Nike is down 2.2% and UA is off more than 15%.
    | Tue, Oct. 25, 8:56 AM | 1 Comment
  • Fri, Oct. 21, 8:00 AM
    • Jefferies is out with a warning on Lululemon (NASDAQ:LULU).
    • Analyst Randal Konik says channel checks show an increase in promotional activity in the "We Made Too Much" part of the company's website.
    • Shares of LULU are rated at Hold and the price target is dropped to $61 from $76.
    | Fri, Oct. 21, 8:00 AM
  • Wed, Oct. 19, 1:17 PM
    • Barron's has introduced a tracking index of stocks favored by younger consumers.
    • Though the combined performance on the group of 50 stocks smashed the returns of the S&P 500 over the last five years, this year it lags slightly so far.
    • As expected, the price-earnings ratio of the Barron's Next 50 Index skews higher due to the focus on longer-term millennial growth.
    • Some of the companies making the initial list are Amazon (NASDAQ:AMZN), Barnes & Noble Education (NYSE:BNED), Boston Beer (NYSE:SAM), Chipotle (NYSE:CMG), Etsy (NASDAQ:ETSY), GameStop (NYSE:GME), GoPro (NASDAQ:GPRO), GrubHub (NYSE:GRUB), Kate Spade (NYSE:KATE), Live Nation (NASDAQ:LIVE), Lululemon (NASDAQ:LULU), MasterCard (NYSE:MA), Match Group (NASDAQ:MTCH), Monster Beverage (NASDAQ:MNST), Shake Shack (NYSE:SHAK), Square (NYSE:SQ), and Yelp (NYSE:YELP).
    • A millennial-focused ETF launched last spring, the Global X Millennial Thematic ETF (NASDAQ:MILN), has outperformed the S&P 500 Index over its brief history.
    | Wed, Oct. 19, 1:17 PM | 77 Comments
  • Wed, Oct. 19, 10:43 AM
    • A fresh note from Oppenheimer on Lululemon (LULU +2.8%) indicates investors may have overreacted to speculation on markdown and clearance activity at the retailer.
    • Channel checks from the firm show clearance items are limited to one or two racks per store.
    • "With shares down substantially from August highs, we believe buy-side expectations embedding both sales and margin miss; comps in line with MSD guide; and still potential for better margins sufficient at these levels," writes analyst Anna Andreeva.
    • Oppy keeps an Outperform rating on LULU and slides its price target to $70.
    | Wed, Oct. 19, 10:43 AM | 6 Comments
  • Fri, Sep. 9, 9:27 AM
    • A survey from William Blair indicates that teenagers and young adults have increased their visits to malls this year to reverse a multi-year trend.
    • In what may come as a surprise, teens ranked malls above movie theaters, restaurants, and sports clubs/extracurriculars as their most popular place to meet.
    • Despite the depressed levels of overall sales this year for mall retailers, the read on teens could be a possible indicator that the mall model will evolve and survive, instead of disappear.
    • "While overall mall traffic remains challenging, our survey this year noted a material increase in the number of respondents who indicated they are visiting malls more often than last year, perhaps suggesting that malls’ efforts to increase relevancy (through more experiential brands and the addition of attractive entertainment and dining options) are beginning to bear fruit," says Bernstein analyst Sharon Zackfia.
    • Mall retailers: AEO, ANF, ASNA, BKE, BOOT, CATO, CBK, CHS, CTRN, DSW, EXPR, FRAN, GCO, GES, GPS, LB, NWY, PLCE, SCVL, SMRT, SSI, TLYS, URBN, LULU.
    | Fri, Sep. 9, 9:27 AM | 10 Comments
  • Fri, Sep. 2, 12:43 PM
    | Fri, Sep. 2, 12:43 PM