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The company has carved out a lucrative niche in the athletic apparel market by supplying high performance, stylish yoga wear which has attracted a cult-like following among women. Over the past four years, its sales and operating profit have risen at compound annual growth rates of more than 40% and 60%, respectively This enviable growth has attracted a number of major sportswear companies -- including Nike and Adidas -- into a market in which Lululemon once enjoyed a virtual monopoly.
Lululemon Athletica inc. shares opened sharply higher Friday on both an apparent short squeeze and investor enthusiasm for better-than-expected second-quarter results.
Stocks spent most of the session in the red, as traders weighed cooling Chinese inflation , a surprise uptick in jobless claims, and escalating geopolitical tensions. President Barack Obama last night said the U.S. "will lead a broad coalition to roll back [the ISIS] terrorist threat in Syria and Iraq," and tomorrow will outline additional sanctions against Russia.
Narrows FY14 revenue guidance to $1.78B-$1.8B from $1.77B-$1.8B, consensus $1.78B. Sees FY14 total comparable sales up in the low single digits on a constant-dollar basis.
The Vancouver yogawear company has seen several quarters of double-digit sales growth in its budding Ivivva brand stores, athletic wear for girls ages four to 14. A drive to woo the next generation comes as the retailer beat second-quarter analyst estimates Thursday and seeks to reclaim its cachet after a year of strategic missteps and brand snags. "We are creating the next generation of Lululemon guests," chief executive Laurent Potdevin told analysts on a company conference call Thursday about Ivivva, whose sales at established stores grew 36% during the period ended Aug. 2 and are closing in on an enviable $1,000 in sales per square foot at its stores.
Good day, ladies and gentlemen, and welcome to the Lululemon Athletica Second Quarter 2014 Results conference call. At this time, all participants are in a listen-only mode.
Lululemon Athletica inc. posted better than expected earnings today, but how does this play for the Canadian company that has been seeing a decline in its stock price for about a year now, in terms of it being an acquisition target? CNBC 's Sara Eisen asked this question Sam Poser, who is a senior research analyst at Sterne Agee.
Around midday, three of the top market movers are yoga apparel maker Lululemon Athletica inc. , in-flight Internet provider Gogo Inc , and optical components expert Finisar Corporation .
This article originally appeared as part of ongoing coverage in our premium Motley Fool Hidden Gems and Motley Fool Rule Breakers services...we hope you enjoy this complimentary peek! ) reported its fiscal second-quarter earnings this morning, and the company impressed shareholders with strong results and an optimistic look forward for the remainder of the year. After all the issues the retailer has struggled through, though, it might take more than a single quarter's positive report to reassure long-term investors that lululemon is back on track for good.
Dow futures dived 62.7 points below fair market value. Nasdaq 100 futures fell 13 points.
A jump in online sales helped yogawear chain Lululemon Athletica report a higher-than-expected quarterly profit and increase its full-year earnings forecast on Thursday, sending its stock higher and reversing some damage from a high-profile recall last year. Shares of the one-time investor darling jumped 14 percent in pre-market trading.
Energy stocks could help pull the Toronto stock market lower Thursday in the wake of a report indicating the world will be needing a lot less oil for the rest of this year. The International Energy Agency expects global oil demand to grow by 0.9 million barrels a day in 2014, a decrease of 65,000 barrels a day compared with last month's forecast and down by 300,000 barrels a day since July.
Deutsche sees a lack of visibility on when comps will improve and remains cautious on the stock with a Hold rating and $35 price target. lululemon expected to report sharply lower profit, WSJ reports lululemon is expected to report a sharply lower profit, with analysts expecting a profit of $42.7M in the latest quarter, reports the Wall Street Journal.
Lululemon Athletica inc. shares have seen some recovery in recent weeks, but whether fiscal second-quarter results will show a positive inflection is unclear.
Lululemon Athletica is scheduled to release its earnings tomorrow morning, and analysts have been coming out with their bullish and bearish takes on the stock. Susquehanna's Thomas Filandro considers the good and the bad, and decides not to place a bet: From a trading perspective into 2Q14 earnings, Lululemon is a tough one to call.
Updated: Sun Sep 14, 2014 04:53 am
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