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CROX vs. LULU: Which Stock Is the Better Value Option?
The athletic apparel retailer has run circles around the Nasdaq Composite in the previous 12 months.
Fool.com contributor and finance professor Parkev Tatevosian reviews Lululemon's (NASDAQ: LULU) latest earnings and considers if Lululemon is a good buy for long-term investors. *Stock prices used were the afternoon prices of June 4, 2023.
Ralph Lauren (RL) and Lululemon (LULU) are two apparel leaders that investors may be eying after reporting strong quarterly results on May 25 and June 1 respectively.
Lululemon shares soared on Friday as investors react to the company's better than expected first quarter earnings report, which included a an increase in its full-year guidance. The athletic apparel company got a boost from strong sales in China. There were however, some surprising U.S. sales results too, as Yahoo Finance's Julie Hyman and Brad Smith explain.
Here is how Lululemon (LULU) and Wynn Resorts (WYNN) have performed compared to their sector so far this year.
In spite of reports of slowing consumer spending and increasing competition in the activewear space, Lululemon Athletica (NASDAQ: LULU) handed in another stellar report for its first quarter of 2023. Revenue increased 24% year over year to $2 billion.
IRVINE, Calif., June 06, 2023--lululemon and Xponential Fitness (NYSE: XPOF), the largest global franchisor of boutique fitness brands, are thrilled to announce the renewal of their partnership, bringing an expanded selection of digital workouts to lululemon Studio. Xponential Fitness will soon be increasing the number of workouts from Pure Barre, Rumble, AKT, and YogaSix on the lululemon Studio platform. This exciting collaboration builds upon the success of the initial launch last October and
Lululemon Athletica's (NASDAQ: LULU) stock jumped 11% on June 2 after it posted its latest earnings report. For the first quarter of fiscal 2023, which ended April 30, the yoga apparel and activewear retailer's revenue rose 24% year over year to $2.
Shares of Lululemon Athletica (NASDAQ: LULU) stock fell 13% in May, according to data from S&P Global Market Intelligence. Investors were worried about the retail market leading up to Lululemon's first-quarter report, released on June 1. Lululemon continues to demonstrate incredible resilience in the face of overall negative market conditions.
As the trading day comes to a close, Yahoo Finance Live breaks down the top tickers of the day, including Lululemon, SentinelOne, and AI stocks such as Nvidia and C3.ai.
Stocks rose on Friday as better than expected May jobs report reiterated strength in the US labor market.
Lululemon posted better than expected quarterly results amid sales growth in China and lower air freight costs
Lululemon's first quarter results were better than analysts were expecting, thanks in part to strong sales in China. Brian Jacobsen of Annex Wealth Management and Max Kettner of HSBC discuss the impact of China's reopening on the global economy.
Friday's thee stories to watch: The May jobs report was surprising, with both payrolls and the unemployment rate coming in higher than expected. The bill to raise the debt ceiling goes to President Biden's desk, ending the weekslong saga over whether the U.S. would default. Lululemon shares are set to open higher after its first quarter results topped analyst estimates.
Shares of Lululemon Athletica Inc soared 15% in early trade on Friday, after the premium apparel retailer defied investor worries with a full-year outlook lift amid little pullback from consumers and a sharp rebound in China sales. The rosy outlook comes in contrast to the general trend of U.S. retailers ranging from Macy's to Dollar General warning of weak discretionary spending by American consumers. At least 11 brokerages raised price targets on the company, with Piper Sandler hiking by the highest margin to $445, above the median of $424.
The latest investor updates on stocks that are trending on Friday.
Investing.com -- Stocks in focus in premarket trade on Friday, June 2nd. Please refresh for updates.
Investing.com -- Lululemon Athletica (NASDAQ:LULU) reported fiscal first-quarter results that beat analysts' forecasts as lower transportation costs and growth in China bolstered results.
Joining me today to talk about our results are Calvin McDonald, CEO; and Meghan Frank, CFO. Before we get started, I'd like to take this opportunity to remind you that our remarks today will include forward-looking statements reflecting management's current forecast of certain aspects of lululemon's future. Actual results may differ materially from those contained in or implied by these forward-looking statements due to risks and uncertainties associated with our business, including those we have disclosed in our most recent filings with the SEC, including our annual report on Form 10-K and our quarterly reports on Form 10-Q. Any forward-looking statements that we make on this call are based on assumptions as of today, and we expressly disclaim any obligation or undertaking to update or revise any of these statements as a result of new information or future events.
The athletic-wear company continues to shine in an environment where many apparel makers and retailers are struggling.
Stock markets got a nice lift on the first day of June, as the Nasdaq Composite (NASDAQINDEX: ^IXIC) in particular continued its run higher to close at its highest level in nearly a year. The S&P 500 (SNPINDEX: ^GSPC) and Dow Jones Industrial Average (DJINDICES: ^DJI) also posted solid gains. Earnings reports kept coming in after the market had closed for the day, with some companies getting a boost, while others plunged.
The headline numbers for Lululemon (LULU) give insight into how the company performed in the quarter ended April 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Lululemon (LULU) delivered earnings and revenue surprises of 15.74% and 3.96%, respectively, for the quarter ended April 2023. Do the numbers hold clues to what lies ahead for the stock?