Analysts see plenty of growth opportunities ahead for Lululemon.
Lululemon Athletica Inc.’s stock is up 16.5% premarket on Wednesday after the company reported better-than-expected fourth-quarter results and strong full-year revenue guidance late Tuesday.
Analysts see plenty of growth opportunities ahead for Lululemon, which makes yoga pants and other athletic apparel. Last year Lululemon announced a five-year plan to double revenue to $12.5 billion by 2026. The strategy includes plans to double men’s and digital revenues and to quadruple international revenues.
During the fourth quarter Lululemon’s gross margin decreased 300 basis points to 55.1% compared with the prior year’s period. The company’s inventories at the end of 2022 increased by 50% to $1.4 billion, compared to $966.5 million at the end of 2021. However, this included a $62.9 million provision against inventory related to lululemon Studio, which reduced its inventory growth rate by seven percentage points.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Lululemon keeps driving customers to its stores despite tough economy, research saysLululemon will report fiscal fourth-quarter results after market close Tuesday.
Leer más »
Lululemon shares jump as holiday-quarter sales surgeLululemon's quarterly results beat Wall Street's expectations, sending shares higher.
Leer más »
Lululemon's stock rises on revenue, earnings beatLululemon Athletica Inc.'s stock rose more than 6% in extended trading Tuesday after the clothing retailer reported quarterly results that topped analyst...
Leer más »
Lululemon's stock soars 12% on revenue, earnings beatLululemon’s stock vaulted more than 12% in extended trading Tuesday after the clothing retailer reported quarterly results that topped analyst revenue and earnings estimates, and offered strong full-year revenue guidance.
Leer más »
Lululemon projects upbeat 2023 on strong demand, easing inventoryLululemon Athletica Inc on Tuesday forecast annual sales and profit above Street estimates as the athleisure clothing maker rides on resilient demand and easing inventory glut, sending its shares up nearly 13% in extended trading.
Leer más »
Chart analysts see danger ahead as tech comeback starts to lose steamThe recent comeback in technology stocks is beginning to lose its luster, and that could mean trouble for the broader market.
Leer más »