Lululemon: Double Digit Selloff Foreshadows A Case For Negative Earnings Revision [Seeking Alpha]
Nike, Inc. (NKE)
Last nike, inc. earnings: 3/24 04:15 pm
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Source: Seeking Alpha
Decreased U.S. store visits and lower consumer spending flagged by CEO Calvin McDonald align with negative trends seen in industry. The company plans to open fewer new stores in FY 2024 (35-40) compared to 56 in 2023, suggesting possible market saturation and questioning the optimistic 11% CAGR outlook. Concerns arise from projections that earnings growth will outpace revenue growth, requiring further margin improvements on already high levels. Given these factors, I anticipate inevitable negative earnings revisions for the next 12 to 36 months, leading to a revised fair stock price for Lululemon of $295. Lululemon ( NASDAQ: LULU ) stock intermittently lost as much as 20% after the company opened its books for the December quarter 2023. Although Q4 results overall came in better than expected, on both topline and earnings, investors were very disappointed to learn that the outlook for Q1 2024, and likely entire 2024, likely needs a bearish revision. Notably, on the call with
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