LULU News

lululemon athletica raises its fourth-quarter revenue projections to between $3.56 billion and $3.58 billion, reflecting an 11-12% increase year-over-year. The company also upgraded its earnings per share forecast to $5.81-$5.85.

Lululemon witnesses strong holiday demand, suggesting an acceleration in U.S. sales.

Lululemon Athletica shares dipped 2% Friday morning. The stock fell following Nike's second-quarter earnings report and strategic pivot under its new CEO, Elliott Hill.

Target CEO Brian Cornell blamed the retailer's challenging quarter on inflation, particularly in food and household essentials.

Lululemon announced that chief product officer Sun Choe has resigned from his role and will depart the company later this month to pursue other opportunities. Lululemon said it does not intend to replace Choe's role. Instead, the company plans to implement organizational changes intended to accelerate product innovation and support long-term growth plans.

Under Armour faces challenges as it lags behind competitors, with analysts noting concerns over revenue decline, product innovation, and profitability.

According to Benzinga Pro, during Q2, Lululemon Athletica (NASDAQ:LULU) earned $289.52 million, a 52.38% increase from the preceding quarter. Lululemon Athletica also posted a total of $1.87 billion in sales, a 15.81% increase since Q1.

Lululemon (NASDAQ: LULU) reported a 29% year-over-year increase in second-quarter revenue to $1.87 billion, surpassing analysts’ estimates of $1.77 billion. Net income reached $289.5 million.

Someone with a lot of money to spend has taken a bullish stance on Lululemon Athletica (NASDAQ:LULU). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Lululemon Athletica's (NASDAQ:LULU) short percent of float has fallen 10.36% since its last report. The company recently reported that it has 2.22 million shares sold short, which is 1.99% of all regular shares that are available for trading.

Lululemon Athletica (NASDAQ:LULU) has outperformed the market over the past 5 years by 35.77% on an annualized basis producing an average annual return of 47.35%. Currently, Lululemon Athletica has a market capitalization of $46.19 billion.