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Top related persons:
Meghan Frank - 4 Lululemon - 3 Calvin McDonald - 2 McDonald - 2 you've - 1 Alo Yoga - 1 it's - 1 We're - 1
Top related locs:
North America China U.S Americas Vancouver Beijing 4Q22 Northland
Top related orgs:
LSEG - 2 U.S - 1 CNBC PRO - 1 HSBC - 1 American - 1 American Express - 1 Bank of America - 1 Nvidia - 1

Search resuls for: "Meghan Frank"


9 mentions found


☆ Lululemon shares plunge 16% on weak guidance, slowing North America growth
  + stars: | 2024-03-21 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com   time to read: +4 min
The retailer reported holiday earnings on Thursday evening that topped expectations, but showed that its growth in North America is stagnating. During the quarter, sales rose 9% in the Americas, compared to 29% growth in the year-ago period. For the current quarter, Lululemon expects net revenue to be between $2.18 billion and $2.20 billion, representing growth of 9% to 10%. For the full year, it expects sales to be between $10.7 billion and $10.8 billion, compared with estimates of $10.9 billion, according to LSEG. During the quarter, it opened its first men's store in Beijing — a key growth market for the company.
Persons: Lululemon, you've, Calvin McDonald, McDonald, Alo Yoga, it's, Meghan Frank Organizations: LSEG, U.S Locations: U.S, North America, Americas, China, Vancouver, Beijing
☆ Lululemon shares fall as retailer gives tepid holiday outlook despite strong start to shopping season
  + stars: | 2023-12-07 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com   time to read: +3 min
Lululemon on Thursday said it saw strong third-quarter demand and a positive start to the holiday shopping season, but the retailer's shares fell in extended trading after it gave a tepid fourth-quarter outlook. During the quarter, sales jumped 12% in North America and 49% internationally, but the retailer's holiday guidance came in light of expectations. For the full year, Lululemon expects sales to be between $9.55 billion and $9.58 billion, compared to estimates of between $8.11 billion and $9.90 billion, according to LSEG. He added that Lululemon is "encouraged" by the trends it has seen at the start of the holiday season. During Lululemon's third quarter, total comparable sales were up 13%, higher than the 12.4% jump analysts had expected, according to StreetAccount.
Persons: Lululemon, We're, Meghan Frank, Calvin McDonald, McDonald Organizations: LSEG, CNBC PRO Locations: North America
☆ Here are Friday's biggest analyst calls: Nvidia, Tesla, Dollar General, Amazon, Meta, SolarEdge & more
  + stars: | 2023-10-13 | by ( Michael Bloom | ) www.cnbc.com   time to read: +6 min
HSBC initiates American Express as buy HSBC said it sees healthy earnings growth for American Express . Mizuho reiterates Meta as buy Mizuho said it's standing by its buy rating heading into earnings later this month. Bernstein reiterates Tesla as underperform Bernstein concluded in an analysis of Tesla that the company is more of an automaker than a tech company. Barclays upgrades Varonis Systems to overweight from equal weight Barclays said it sees numerous positive catalysts ahead for the software company. Northland upgrades SolarEdge to outperform from market perform Northland said investors should buy the dip in shares of SolarEdge .
Persons: Cowen, NVDA, Mizuho, Stephens, Bernstein, Tesla, underperform Bernstein, Warren Buffett, Hershey, Morgan Stanley downgrades JD.com, Morgan Stanley, Gordon Haskett, Todd Vasos, Jeff Owen, Read, Wolfe, today's, Baird, Needham, Oppenheimer, Wells, LULU, Meghan Frank, Howard Tubin Organizations: HSBC, American, American Express, Bank of America, Nvidia, Meta, Barclays, Varonis, Hershey, JPMorgan, Post Holdings, Netflix, Citi, Oshkosh, Lam Research, Materials, Supply, VP Locations: 4Q22, Northland, SolarEdge, Israel, California
☆ Lululemon shares surge after reporting 24% sales growth, raising full-year guidance
  + stars: | 2023-06-01 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com   time to read: +5 min
Sales rose 24% to $2 billion, up from $1.61 billion a year earlier. It expects full-year profit of $11.74 to $11.94 per share, compared with a prior range of $11.50 to $11.72. That also topped analysts' expectations, which called for $11.61 per share, according to Refinitiv. Lululemon is expecting second-quarter sales to be in the range of $2.14 billion to $2.17 billion, representing growth of about 15%. While DTC revenue increased compared to last year, it represented 42% of total sales, compared to 45% in the year-ago period.
Persons: Meghan Frank, Lululemon, men's, they're, Frank, we'll Organizations: Club, Constellation Brands, Molson Coors Locations: China
☆ Lululemon reportedly exploring a sale of Mirror, the struggling fitness tech brand it bought for $500 million
  + stars: | 2023-04-17 | by ( Matthew Kish | ) www.businessinsider.com   time to read: +3 min
Lululemon purchased Mirror in 2020 for $500 million. An analyst said selling Mirror could eliminate a "distraction" for Lululemon. While Lululemon's Mirror business has struggled, its overall business remains strong. "As previously announced, we are shifting the focus of Lululemon Studio from a hardware-centric offering to one that is also focused on digital app-based services going forward. At an investor day last year, Lululemon rolled out a new plan for Mirror, including the launch of Lululemon Studio, a membership plan for its Mirror device.
☆ Lululemon shares jump as holiday-quarter sales surge
  + stars: | 2023-03-28 | by ( Noah Sheidlower | ) www.cnbc.com   time to read: +2 min
A Lululemon sign is seen at a shopping mall in San Diego, California, November, 23, 2022. Lululemon on Tuesday reported strong holiday-quarter sales, suggesting wealthier shoppers are still purchasing yoga pants and tops despite rising prices for essential goods. Shares of Lululemon jumped 11% in after-hours trading following the report. Through Tuesday's close, the stock is about flat for the year, putting the company's market value at $40.87 billion. Also called same-store sales, the metric includes sales from stores open continuously for at least 12 months.
☆ Lululemon is everywhere and that's a problem
  + stars: | 2023-01-09 | by ( Danni Santana | ) www.businessinsider.com   time to read: +4 min
At the ICR conference, Lululemon said it now expects gross margin to be down 90-110 basis points. At the ICR conference Monday, Lululemon said it now expects gross margin to be down 90-110 basis points, compared to small gains expected late last year. Lululemon does not break out Mirror sales in quarterly earnings. Adidas, as an example, expects gross margin to be down 900 basis points following its split from Ye, he wrote in a note Monday. "Inventory growth has likely peaked, which should alleviate gross margin pressure in FY23," he said.
☆ Lululemon just reported an 85% increase in inventory, but don't expect big holiday sales. Here's why.
  + stars: | 2022-12-09 | by ( Matthew Kish | ) www.businessinsider.com   time to read: +3 min
CEO Calvin McDonald doesn't expect to slash prices to clear merchandise. The company expects revenue between $2.605 and $2.655 billion. Chief Financial Officer Meghan Frank said the company expects inventory to clear throughout the current quarter. McDonald said he doesn't expect to cut prices in order to move merchandise faster, aside from typical markdown activity. But while he described it as a "premium brand" with "pricing power," he doesn't expect to raise many more.
☆ Lululemon sees downbeat quarter as inflation-hit consumers turn cautious
  + stars: | 2022-12-08 | by ( Ananya Mariam Rajesh | ) www.reuters.com   time to read: +2 min
Dec 8 (Reuters) - Lululemon Athletica Inc (LULU.O) on Thursday forecast holiday-quarter revenue and profit largely below analysts' estimates, as shoppers turn cautious about spending on higher-priced clothing amid decades-high inflation, sending its shares down 6%. "But ...I do still think that Lululemon is playing a very strong game with the consumer." Lululemon lifted its full-year revenue and profit forecasts and beat estimates for third-quarter results. The company forecast fourth-quarter revenue between $2.61 billion and $2.66 billion, compared to analysts' estimates of $2.65 billion, according to IBES data from Refinitiv. Lululemon sees current-quarter profit between $4.20 and $4.30 per share, while analysts estimate $4.30.
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