Lululemon falters as other luxe brands go out of business: Is this the end of status athletic wear? [Yahoo! Finance]
lululemon athletica inc. (LULU)
Last lululemon athletica inc. earnings: 3/26 04:05 pm
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Source: Yahoo! Finance
brands with a cult-like consumer following — top contenders in the activewear market are faltering in sales. Some are even shuttering. Lululemon's Q4 report revealed stalling sales in the Americas, only growing 9% — significantly less than the year prior despite its steady success throughout the COVID-19 pandemic and related supply-chain hiccups . Shares in the apparel giant, which once gave competitors a run for their money plummeted 16% as a result. In a call with earning analysts, per CNBC , company CEO Calvin McDonald admitted that they were “navigating what has been a slower start to the year in this market,” attributing it to a “shift in the US consumer behavior.” Meanwhile, Nike warned of a potential revenue dip and slashed inventory of some legacy styles last month, with the company seeing its own dip in shares. “One of the things that both Lululemon and Nike have enjoyed over the last few years is premium prices on their premium products and that seems to be in doub
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LULU
News
- Golf Apparel Startup Beldrie Taps Into Rising Tide In Women's Sports [Forbes]Forbes
- Lululemon to acquire Mexico franchisee, retail locations [BNN Bloomberg (Canada)]BNN Bloomberg
- Better Stock to Buy Now: Lululemon or Peloton? [Yahoo! Finance Canada]Yahoo! Finance Canada
- Lululemon (LULU) Sees a More Significant Dip Than Broader Market: Some Facts to Know [Yahoo! Finance]Yahoo! Finance
- Canada Launches Greenwashing Investigation Into Lululemon [Forbes]Forbes
LULU
Earnings
- 3/21/24 - Beat
LULU
Sec Filings
- 5/8/24 - Form 4
- 4/26/24 - Form SC
- 4/25/24 - Form DEFA14A
- LULU's page on the SEC website