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-0.000140232786425472 -0.000491749637731952 0.000373954097134635 0.00430047211704757 -0.00733884915626604 -0.0100500163604918 -0.0122002524190156 -0.0164539802739214
Stock impact report

Goldman Turns "Incrementally Cautious" On Nike As China Sales Plunge [zero hedge]

lululemon athletica inc. (LULU) 
Last lululemon athletica inc. earnings: 3/26 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lululemon.com
Company Research Source: zero hedge
Goldman Turns "Incrementally Cautious" On Nike As China Sales Plunge Nike shares tumbled the most in eight months in premarket trading in New York after a mixed third quarter, reigniting concerns that turnaround efforts are being slowed by soft demand trends in China and ongoing problems at Converse. North America was a bright spot in second-quarter earnings. Citi analyst Paul Lejuez noted that product liquidations contributed to the growth. As those actions expired, underlying sell-through trends softened. China remained the most challenging sales market for the world's largest sportswear company in the quarter . This prompted Piper Sandler analysts to cut their price target on the stock due to a lackluster recovery in the world’s second-largest economy. Sales in China last quarter plunged 17% , while Converse sales imploded by 30%. Key earnings in the quarter: Top line: Revenue of $12.43 billion rose .6% year over year, beating consensus. Nike brand revenue increased 1.5%, also ahea Show less Read more
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