{"id":55216,"date":"2023-08-31T06:33:42","date_gmt":"2023-08-31T10:33:42","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/lululemon-reports-earnings-today-what-to-expect\/"},"modified":"2023-08-31T06:33:44","modified_gmt":"2023-08-31T10:33:44","slug":"lululemon-reports-earnings-today-what-to-expect","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=55216","title":{"rendered":"Lululemon Reports Earnings Today. What to Expect."},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000732471\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<p>        <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>\n        Lululemon Athletica<br \/>\n       stock has sprinted ahead of its competitors, and some analysts say the company\u2019s second-quarter earnings could give the shares a second wind.<\/p>\n<p>The athletic wear retailer reports earnings Thursday after the market close. <\/p>\n<p>Wall Street is betting that<br \/>\n        Lululemon<br \/>\n       (ticker: LULU) will meet or beat analyst estimates for the quarter. The company is expected to turn in adjusted earnings of $2.54 a share on $2.17 billion in revenue, according to FactSet. Same-store sales could rise by 12.1%. <\/p>\n<div class=\"paywall\">\n<p>Earnings season has been rough on other companies in the athletic wear space. Shares of<br \/>\n        Dick\u2019s Sporting Goods<br \/>\n      (DKS) and<br \/>\n        Foot Locker<br \/>\n       (FL), for instance, both plummeted in the wake of weak reports\u2014but Lululemon\u2019s quarter could be very different, analysts say. <\/p>\n<p>\u201cWhile the macro environment has become increasingly challenging, we\u2019ve seen that high momentum brands have continued to perform well,\u201d wrote Wedbush analyst Tom Nikic in a Wednesday note. Lululemon is one of those brands, he added. <\/p>\n<p>Piper Sandler analyst Abbie Zvejnieks agrees, writing that recent product launches and back-to-school shopping have boosted store visits. Indeed, Lululemon\u2019s foot traffic in the U.S. grew by double-digits every month in the third quarter, and far outpaced traffic among the broader sportswear and sporting goods sector, according to data from Placer.ai. Sales in China could also be a bright spot, Zvejnieks added, thanks to the company\u2019s efforts to tailor its products to local markets.<\/p>\n<p>Lululemon\u2019s high-income consumer base might also help pad the company\u2019s top line. Results from other retailers with exposure to higher-income consumers\u2014including<br \/>\n        Abercrombie &amp; Fitch<br \/>\n       (ANF) and<br \/>\n        Urban Outfitters<br \/>\n       (URBN)\u2014suggest this demographic continues to spend, even as other consumers pull back. <\/p>\n<p>That said, even some bulls acknowledge that the anticipation over Lululemon\u2019s report could actually weigh on the stock in the short term, as anything less than a blowout quarter and guidance raise might do little to drive the stock higher. Shares of Lululemon have gained about 18% this year, outperforming the<br \/>\n        SPDR S&amp;P Retail ETF<span>,<\/span><br \/>\n       which has risen 6.4%. <\/p>\n<p>\u201cThis is a crowded long amongst hedge funds and expectations are high, which may limit upside in the very near term,\u201d wrote Citi analyst Paul Lejuez in a note last week. <\/p>\n<p>Still, Lejuez has a Buy rating on the shares and says the company could raise its fiscal-year guidance this quarter.<\/p>\n<p>Write to Sabrina Escobar at sabrina.escobar@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/lululemon-athletica-earnings-stock-price-f59b3814?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lululemon Athletica stock has sprinted ahead of its competitors, and some analysts say the company\u2019s second-quarter earnings could give the shares a second wind. The athletic wear retailer reports earnings Thursday after the market close. Wall Street is betting that Lululemon (ticker: LULU) will meet or beat analyst estimates for the quarter. The company is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":55217,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-55216","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lululemon Reports Earnings Today. 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