Lululemon will report fiscal fourth-quarter results after market close Tuesday.
Lululemon, like Nike, is benefiting from robust foot traffic to its stores despite a tough economy, according to retail analytics data.
In a recent report, analytics company Placer.ai found that both Nike Inc. NKE and Lululemon Athletica Inc. LULU are seeing visits to their stores increase even as visits to sporting goods stores in general have decreased in early 2023. Year over year, visits to Nike and Nike Factory stores were up almost 6% in February, and visits to Lululemon stores were up 11.2%. In contrast, visits to sports-apparel stores across the board were down 7.6%, according to Placer.ai.
Lululemon, which makes yoga pants and other athletic apparel, will report fiscal fourth-quarter results after market close Tuesday. Rival Nike recently reported better-than-expected fiscal third-quarter results. Analyst firm Raymond James has also noted Lululemon’s long-term growth potential, particularly internationally. “Big picture, we have confidence in the [long-term] growth levers, especially International as [Lululemon] remains highly underpenetrated vs. Global Athletic peers,” wrote Raymond James analyst Rick Patel in a note Monday. Raymond James maintained its strong buy rating for Lululemon.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
The Hotty Hot Lululemon Shorts Are on SaleMarked down from $50 to $39!
Leer más »
2 historic UC Botanical Garden at Berkeley trees damaged from Tuesday's powerful wind stormBotanical Garden officials say the damage occurred during Tuesday's powerful wind storm when staff heard a loud crash during the high wind event.
Leer más »
Apex Legends Sun Squad Collection Event Launches This TuesdayThe Sun Squad Collection Event will launch on March 28th in ApexLegends as RespawnEntertainment provides some new gear to snag.
Leer más »
'Dramatically changed': Tuesday's storm leaves widespread damage at UC Botanical Garden in BerkeleyIn the East Bay, a massive cleanup is planned after several beloved ancient trees and dozens of rare plants were destroyed at the UC Botanical Garden.
Leer más »
Officials warn of possible advisory Tuesday, encourage residents to begin storing tap waterWater in Philadelphia will remain safe to drink through Monday evening after hazardous materials spilled into a Delaware River tributary, the Philadelphia Water Department said. From WHYYNews:
Leer más »