JUMP REPORT
LULUMON (LULU)
EARNINGS RELEASE - SEPTEMBER 8 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .55/share REV: 842.5/M
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NEXT QTR: EPS: .94/share REV: 981.8/M
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FULL YR: EPS: 4.22/share REV: 4,010/M
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LAST QTR: EPS: .23/share ACTUAL: .22/share (MISS)
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BEAT/MISS RECORD: 65% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -6.02, -8.33, -6.43
EXPECTED JUMP MOVE THIS QUARTER: 10+%
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*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before tradin
Links To Latest News and Headlines
Investors saw a surprise discount on the stock following the apparel specialist’s Q4 earnings report in late March.
Lululemon stock has crashed 20% since reporting earnings last week.
Investors can find great opportunities to buy stakes in companies whose shares are taking a hit.
While consumer spending has remained relatively strong through inflation, retailers have struggled to stay relevant, with Macy’s (M) announcing it will shutter 150 locations. Discount retailers like The TJX Companies (TJX) and Burlington Stores (BURL), however, have held up as consumers seek sales elsewhere under the pressure of inflation. JLL Americas President of Retail Naveen Jaggi joins Yahoo Finance Live to discuss the state of retail and the consumer, as well as the success of brands like Burlington. He discusses Burlington’s recent growth and how it relates to the consumer: “Today, they’re opening over 60 stores a year and they’re taking 50, 60, 70,000 square feet in some places. To me, I’m watching that entire sector and saying where the US consumer is shopping, that’s the sector I want to watch because that tells me where we spend our dollars has the most sustainability in the long run and today more than ever, the dollar value sector is grabbing a more lion’s share of the US consumer than ever before.” For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor’s note: This article was written by Nicholas Jacobino
Lululemon (NASDAQ:LULU) shares dropped 11% in after-hours trading Thursday after the company released its 2023 Q4 report and 2024 predictions. The company reported a 19% increase in year-over-year revenue growth, up $9.6 billion in 2023 including a 12% increase in America. However, the 2024 forecast painted a more conservative picture, with projected net revenue ranging between $10.700 billion to $10.800 billion, falling short of analyst expectations of $10.9 billion. Don’t Miss: Executives and
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Avg Daily Volume: 1,802,080 Market Cap: 46.98B
Sector: Consumer Non-Durables Short Interest: 3.29
Ticker delayed 20 minutes
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