Casual denim trend, higher prices fuel Levi's upbeat forecast [Reuters]
lululemon athletica inc. (LULU)
Last lululemon athletica inc. earnings: 3/26 04:05 pm
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Source: Reuters
Wednesday, bolstered by higher prices and strong demand for its jeans and jackets, sending its shares up 8% after the bell. People shopping for casual outdoor clothing as pandemic restrictions eased and a resurgence in retro fashion styles such as high-rise and loose-fitting jeans have buoyed demand for the company's denims. The Signature and Levi's 501 jeans maker said it expects revenue between $6.4 billion and $6.5 billion in fiscal year 2022, compared with analysts' estimates of $6.37 billion, according to Refinitiv IBES data. The robust demand has, however, coincided with increased production and shipping costs, forcing companies to raise prices to offset the inflationary pressures. Levi plans to raise prices further in 2022 and beyond, Chief Executive Officer Chip Bergh said on a call with analysts, adding that demand outstripped supply in the quarter due to supply chain snarls. Lower promotions, more full-price selling and the reopening of its European and Asian marke
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LULU
Earnings
- 3/21/24 - Beat
LULU
Sec Filings
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- LULU's page on the SEC website