Lululemon Athletica Inc
Stocks making the biggest moves after hours: Ulta Beauty, GitLab, Lululemon, DocuSign and more
Check out the companies making headlines in after-hours trading. Ulta Beauty – The beauty retailer jumped 12% after posting beats on the top and bottom lines in the fiscal third quarter. Ulta reported earnings of $5.14 per share on revenue of $2.53 billion. That topped analysts’ forecast for earnings of $4.54 per share and revenue […]
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Lululemon stock jumps as international growth helps to offset slowing U.S. sales
Lululemon‘s U.S. growth is continuing to slow, but the athletic apparel retailer is making big gains abroad, leading to a 9% increase in sales year over year. The yoga pants company on Thursday beat Wall Street’s expectations on the top and bottom lines and said it’s “pleased” with the start to the holiday season. Here’s how […]
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China’s biggest shopping event of the year exceeds low expectations
Staff sort express deliveries at China Post’s Zaozhuang branch in east China’s Shandong province on November 10, 2024 Nurphoto | Nurphoto | Getty Images BEIJING — China’s Singles’ Day shopping festival saw consumers spend more than expected in what has otherwise been a tepid retail environment, consulting executives told CNBC. The country’s version of Black […]
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China consumer slowdown weighs on U.S. earnings again
People walk at a shopping complex in Chengdu, Sichuan province, China April 13, 2024. Tingshu Wang | Reuters From Apple to Starbucks, U.S. consumer brands are reporting yet another quarter of China sales declines. The falling revenue in what’s been a major market for the U.S. companies comes amid tepid consumer spending in China and […]
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Three key questions that will shape whether Coach and Michael Kors owners will merge
Pedestrians walk past a Coach store and a Michael Kors store. Scott Olson | Getty Images Just a few miles from the birthplace of Coach in New York City, a federal judge will soon decide whether its owner Tapestry can become a bag behemoth — in a decision that will weigh big questions about how […]
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Cannabis industry targets luxury consumers with Fifth Avenue marijuana dispensary, Hamptons presence
The Travel Agency on Fifth Avenue in New York Cityis an adult-use recreational marijuana dispensary. Courtesy: The Travel Agency Cannabis consumption has turned a corner — and now it’s on Fifth Avenue. Shoppers walking along the iconic New York stretch of retailers can pick up jewels from Cartier and new threads from Saks, as well […]
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Stocks making the biggest moves premarket: CrowdStrike, Alibaba, Intel, Ulta Beauty and more
Check out the companies making headlines in premarket trading. CrowdStrike — Shares of the cloud security platform ticked up about 2% following an upgrade to buy from HSBC. Analyst Stephen Bersey asserted that “the bad news is behind us” on CrowdStrike stock regarding the mid-July outage tied to a software update. Lululemon — The athleisure […]
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Stocks making the biggest moves after hours: Ulta Beauty, Dell, Lululemon, MongoDB and more
Check out the companies making headlines in after-hours trading. Ulta Beauty — The beauty products retailer saw its shares fall nearly 7% after missing top and bottom line expectations in the second quarter . Ulta’s earnings came out at $5.30 per share, while analysts polled by LSEG expected $5.46 per share. Revenue was of $2.55 […]
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Lululemon cuts guidance, misses sales estimates after botched product launch
Signage at a Lululemon store in New York, US, on Thursday, Aug. 22, 2024. Lululemon Athletica Inc. is scheduled to release earnings figures on August 29. Yuki Iwamura | Bloomberg | Getty Images Lululemon lowered its guidance and posted its first revenue miss in more than two years on Thursday after it botched a highly […]
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Gap shares halted after apparent early earnings release
Facade of GAP retail store with logo sign on sunny day, San Francisco, California, June 7, 2024. Nurphoto | Nurphoto | Getty Images Gap shares were halted Thursday morning after its quarterly earnings results were apparently released early. The apparel retailer is set to post second-quarter earnings after the closing bell Thursday. But Bloomberg reported […]
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