This Phenomenal Stock Just Beat Wall Street Estimates: But Is It a Smart Buy Right Now? [Yahoo! Finance]
lululemon athletica inc. (LULU)
Last lululemon athletica inc. earnings: 3/26 04:05 pm
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Source: Yahoo! Finance
For the three-month period that ended Feb. 29 (fiscal Q3 2024), the global leader in sports apparel and footwear posted revenue of $12.4 billion and diluted earnings per share (EPS) of $0.77. Both figures easily beat Wall Street's expectations. However, the stock immediately dipped 7% following the news. As of this writing, shares of Nike sit a whopping 47% below their all-time high from November 2021. That's despite this being a phenomenal stock over the past few decades. So, is it a smart idea to buy the dip? Softer demand trends To its credit, Nike was able to exceed analysts' forecasts, but investors are concerned about other factors that add some context to the latest numbers. For starters, that Q3 revenue figure was basically flat year over year. Nike may have beaten expectations in the important North America region, b ut China was a different story. In what has typically been Nike's fastest-growing region, things are cooling off. Revenue in China was up just 5% compare
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LULU
News
- Alo Yoga, Vuori gaining share in activewear market, report finds [Yahoo! Finance]Yahoo! Finance
- Lululemon Athletica Inc. (NASDAQ: LULU) had its price target lowered by analysts at Sanford C. Bernstein from $430.00 to $384.00. They now have a "market perform" rating on the stock.MarketBeat
- lululemon (LULU) Driving Brand Awareness, Customer Engagement [Yahoo! Finance]Yahoo! Finance
- Peloton Stock Is Beaten Down Now, but It Could 10X [Yahoo! Finance]Yahoo! Finance
- Forget Nike: Buy This Magnificent Growth Stock Instead [Yahoo! Finance]Yahoo! Finance
LULU
Earnings
- 3/21/24 - Beat
LULU
Sec Filings
- 4/26/24 - Form SC
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- LULU's page on the SEC website