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☆ Lululemon CEO Calvin McDonald: We didn't have to discount items to bring down inventory
▼ + stars: | 2023-09-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLululemon CEO Calvin McDonald: We didn't have to discount items to bring down inventoryLululemon CEO Calvin McDonald sits down with CNBC's Morgan Brennan to talk the growth of the company, new product, consumer behavior and much more.

Persons: Calvin McDonald, CNBC's Morgan Brennan

☆ Cramer: These things could soon break the bulls' way, plus 4 stocks to buy
▼ + stars: | 2023-09-10 | by ( Jim Cramer | ) www.cnbc.com time to read: +6 min

If you don’t know a soul that is bullish — and I mean flat-out positive — you may need some new friends. I say I am a naked opportunist and I feel naked and alone right now in saying we might have a bunch of things that could break the bulls' way. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: —, We’ve, sotto, Shawn Fain, Leon Trotsky, Fain, Lululemon, LULU, Robert Bradway, Amgen, Lina Khan, Khan, Trump, Estee Lauder, Morgan Stanley, Jim Cramer's, Jim Cramer, Jim, Virginia Sherwood Organizations: Federal Reserve, Softbank's Arm Holdings, United Auto Workers, UAW, Federal Trade, Activision Blizzard, Horizon Therapeutics, FTC, Apple, GE HealthCare, Disney, Bausch Health, Honeywell, Jim Cramer's Charitable, CNBC, NYSE Locations: Russian, U.S, Wells

☆ Dressing Like a 1950s Housewife Is Not Just for ‘Trad Wives’
▼ + stars: | 2023-09-09 | by ( Rory Satran | ) www.wsj.com time to read: 1 min

Look closely among the droves of people in Lululemon leggings and Crocs next time you’re at the grocery store or the airport, and you might notice a curious sight: a woman dressed like a 1950s housewife. With her curled hair, full-skirted dress and high-heeled Mary-Jane shoes, she could be straight out of “I Love Lucy” or “Leave It to Beaver.” She might even be wearing an anachronistic frilly petticoat or apron. Wasn’t this a style that was left firmly in the past?

Persons: Mary, Jane, Lucy ” Locations: Beaver

☆ Asia is a huge source of growth for LULU, it's good to see the region finally paying off: Jim Cramer
▼ + stars: | 2023-09-07 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

'Mad Money' host Jim Cramer takes a closer look at Lululemon earnings. Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email

Persons: Jim Cramer

☆ Cramer reviews Lululemon's Q2 earnings, says it's not too late to buy
▼ + stars: | 2023-09-07 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Thursday reviewed Lululemon 's Q2 earnings, and said he's pleased with the athletic apparel company's progress after seeing its stock plummet post-Covid. "I think it's not too late to get back into Lululemon if you bailed on it at some point over the past two years," Cramer said. Lululemon saw major success during the pandemic as many consumers purchased athleisure and loungewear while working from home. Inventory grew 14% in Q2, down from previous guidance of 20%, according to last week's conference call. "I bet Lulu has a terrific holiday season, especially now that their inventories are back at reasonable levels," Cramer said.

Persons: CNBC's Jim Cramer, he's, Cramer, Lululemon, fanny, Lulu Organizations: CNBC Locations: Lululemon, China

☆ This restaurant stock is 'going back over $2,000,' according to Jim Cramer
▼ + stars: | 2023-09-05 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +1 min

A Chipotle restaurant and signage is seen on February 09, 2022 in Miami, Florida. The turnaround in Chipotle Mexican Grill 's (CMG) stock price has further runway ahead, CNBC's Jim Cramer said Tuesday. Chipotle stock "is going back over $2,000 [per share], and it's going to do it in a heartbeat," Cramer said. If you like this story, sign up for Jim Cramer's Top 10 Morning Thoughts on the Market email newsletter for free. In the restaurant space, Cramer's Investing Club owns shares of Starbucks (SBUX).

Persons: CNBC's Jim Cramer, Cramer, It's, Baird, Chipotle, Jim Cramer's, LULU Organizations: Investing Club, Starbucks Locations: Miami , Florida, U.S

☆ In Lululemon and Dollar General earnings, signs of a possible economic split
▼ + stars: | 2023-09-02 | by ( Samantha Delouya | ) edition.cnn.com time to read: +4 min

One reported strong sales on Thursday, while the other warned it may experience a sales decline for the year. Dollar General’s earnings report on Thursday painted a different picture. “Core customers continue to tell us they feel financially constrained,” said Dollar General’s CEO, Jeff Owen, on the company’s earnings call. Brian Nagel, a retail analyst at Oppenheimer & Co. who covers Lululemon, said he sees still strong spending across all retailers he covers. “Generally speaking, consumer spending has held in,” he said.

Persons: CNN —, ”, Calvin McDonald, Lululemon, Jeff Owen, Neil Saunders, Brian Nagel, Nagel, ” Nagel, Richard Dreiling, John Rainey, ” Rainey, Shannon Seery Organizations: CNN, Oppenheimer, Co, Federal Reserve, Fed Locations: Wells, United States, —

The Labor Department's report showed the August unemployment rate rose to 3.8% while wage growth slowed. The most traded stock in the S&P 500 was Tesla Inc , with $32.6 billion worth of shares exchanged during the session. For the week, the S&P 500 rose 2.50%, the Dow added 1.43% and the Nasdaq climbed 3.25%. Advancing issues outnumbered falling ones within the S&P 500 (.AD.SPX) by a 2.1-to-one ratio. The S&P 500 posted 28 new highs and 20 new lows; the Nasdaq recorded 84 new highs and 90 new lows.

Persons: Keith Buchanan, Walt Disney, Brendan McDermid, Lululemon, Rosalind Brewer, Shristi Achar, Noel Randewich, Sruthi Shankar, Shounak Dasgupta, Richard Chang Organizations: Dell, Nasdaq, Dow, Disney, Charter Communications, Labor, Federal Reserve, GLOBALT Investments, ESPN, Charter's, Warner Bros Discovery, Paramount Global, Fox Corp, Tesla Inc, New York Stock Exchange, REUTERS, Dow Jones, Broadcom, Dell Technologies, Walgreens Boots Alliance, Thomson Locations: Atlanta, U.S, New York City, Bengaluru, Oakland , California

The Labor Department's report showed the unemployment rate rose to 3.8% last month against expectations that it would remain unchanged at 3.5%, while wages advanced 0.2% on a monthly basis, moderating from a 0.4% rise in July. Nonfarm payrolls increased by 187,000 jobs in August, against expectations of 170,000 additions, according to a Reuters poll of economists. Data for July was revised to show 157,000 job additions instead of the 187,000 additions reported before. The payrolls report follows recent data showing a fall in job openings and softer-than-expected private employment growth, both of which signaled weakness in the labor market. Broadcom (AVGO.O) fell 4.5% as the chipmaker projected current-quarter revenue below expectations on softening enterprise demand.

Persons: Brendan McDermid, Nonfarm, Rick Meckler, salvos, Rosalind Brewer, decliners, Shristi Achar, Sruthi Shankar, Shounak Dasgupta Organizations: New York Stock Exchange, REUTERS, Broadcom, Dell, Dow, Nasdaq, Federal, Labor, Data, Traders, Cherry Lane Investments, Fed, Institute for Supply Management, Dow Jones, Disney, Charter Communications, ESPN, Charter's, Dell Technologies, Walgreens Boots Alliance, NYSE, Thomson Locations: New York City, U.S, Bengaluru

☆ Back-to-school US spending set to hit record high in 2023
▼ + stars: | 2023-09-01 | by ( Kailyn Rhone | ) www.reuters.com time to read: +4 min

The National Retail Federation, a retail trade group, predicts spending will surpass $135 billion, an increase of more than $24 billion from last year. “The larger the school, the more they are needed,” said Leslie Sparacello, a school superintendent in Austin, Texas, whose former school required clear backpacks. Clear backpacks available on Amazon.com's (AMZN.O) marketplace are priced starting at $9.97, according to its website. A spokesperson said Walmart has recorded an increase in demand for clear backpacks in the last two back-to-school seasons, specifically in Texas, Florida and Mississipi. The company has a separate section for clear backpacks under its backpack category starting at $4.89.

Persons: Mike Blake, jean, ”, Chip West, Melissa Cohen, Polo Ralph Lauren, Nikki Mcneri, Mcneri, Leslie Sparacello, Calvin McDonald, West, Matthew Bilunas, Josie Kao Organizations: REUTERS, National Retail Federation, MBC Consulting, Walmart, Kailyn Rhone, Thomson Locations: Encinitas , California, U.S, Georgia, jorts, Austin , Texas, Canada, Texas , Florida

☆ Three-Stock Lunch: Walgreens Boots, General Mills and Lululemon
▼ + stars: | 2023-09-01 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree-Stock Lunch: Walgreens Boots, General Mills and LululemonQuint Tatro, Joule Financial founder and president, joins ‘Power Lunch’ to discuss three stocks: Walgreens Boots, General Mills and Lululemon.

Persons: General Mills, Lululemon Quint Tatro Organizations: Walgreens Boots, Joule Financial Locations: Lululemon

☆ Here's why Cerity Partners’ Jim Lebenthal favors Nike over Lululemon
▼ + stars: | 2023-09-01 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why Cerity Partners’ Jim Lebenthal favors Nike over LululemonThe 'Halftime Report' investment committee, Stephanie Link, Rob Sechan and Jim Lebenthal, discuss Lululemon, Nike and more.

Persons: Jim Lebenthal, Stephanie Link, Rob Sechan Organizations: Nike

☆ Stocks making the biggest moves midday: PagerDuty, Dell, Tesla, Broadcom and more
▼ + stars: | 2023-09-01 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Fiscal second-quarter earnings per share came in at $2.68, versus the $2.54 expected from analysts polled by Refinitiv. PagerDuty — The stock declined 7.7% after PagerDuty issued third-quarter earnings guidance that missed analysts' expectations. The company expects earnings per share between 13 cents and 14 cents for the quarter, below a StreetAccount consensus of 15 cents per share. The company's earnings per share came out at $1.71, however, which was lower than analysts' expectations of $1.76, according to StreetAccount. The database software maker posted adjusted earnings of 93 cents per share on revenue totaling $423.8 million for the second quarter.

Persons: Lululemon, Papa John's, PagerDuty, Baird, Precious, Refinitiv, Morgan Stanley, Dell, Roz Brewer, Tesla, — MongoDB, Yun Li, Alex Harring, Michelle Fox Theobald Organizations: Broadcom, VMware, Refinitiv, Revenue, Dell Technologies, Walgreens, Alliance Locations: San Jose , California, China

☆ Stocks making the biggest moves premarket: Dell, MongoDB, Lululemon and more
▼ + stars: | 2023-09-01 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

A Dell Technologies flag outside the company headquarters in Round Rock, Texas, US, on Monday, Feb. 6, 2023. Check out the companies making headlines before the bell:Dell Technologies — Dell Technologies surged 10.5% after exceeding analysts' second-quarter expectations. MongoDB — MongoDB advanced 5% after topping Wall Street expectations in its latest quarter. Lululemon Athletica — Shares added 2.3% in premarket trading after the athletic apparel retailer reported an earnings beat. VMware gave a mixed second-quarter report on Thursday, beating expectations for earnings per share while missing on revenue.

Persons: Refinitiv, Morgan Stanley, Dell, Lululemon, Roz Brewer, — CNBC's Michelle Fox, Alex Harring, Jesse Pound, Samantha Subin Organizations: Dell Technologies, Revenue, Walgreens, Alliance, Vale, JPMorgan, VMware, Broadcom, Broadcom — Locations: Round Rock , Texas

☆ Lululemon raises annual forecasts for second time on buoyant demand
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +1 min

Aug 31 (Reuters) - Lululemon Athletica (LULU.O) lifted its annual sales forecast for a second time on Thursday, betting on steady demand for its activewear from affluent shoppers in North America and China. Like industry peer Hibbett (HIBB.O), Lululemon has also been launching new products such as "road-to-trail" running shoes and introducing new colors in its sports apparel in a bid to attract more customers to shop at its stores. The company now expects full-year 2023 revenue between $9.51 billion and $9.57 billion, compared with its prior estimate of $9.44 billion to $9.51 billion. Lululemon now expects annual profit between $12.02 and $12.17 per share, compared with its prior estimate of $11.74 to $11.94 per share. Reporting by Granth Vanaik in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Hibbett, Lululemon, Granth, Maju Samuel Organizations: Nike, Dick's Sporting, Thomson Locations: North America, China, Bengaluru

☆ Stock futures are little changed ahead of August payrolls report: Live updates
▼ + stars: | 2023-08-31 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange during morning trading on August 31, 2023 in New York City. Stock futures were near the flat line Thursday night as investors came off a mixed trading session and closed out a month that saw losses for all three stock indexes. Futures tied to the Dow Jones Industrial Average added 22 points, or 0.06%. S&P 500 futures hovered just above flat, while Nasdaq 100 futures inched down by 0.04%. Despite a recent string of positive sessions that helped stock indexes trim their monthly losses, the S&P 500 lost 1.77%, while the Nasdaq shed 2.17%.

Persons: Athletica, Dow, Dow Jones, Alex McGrath, it's, McGrath Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, Dell Technologies, Traders, Federal Reserve, Investors, Dow Locations: New York City

☆ Morning Bid: Rates dice, AI arms race and G20 snub
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +5 min

AI (Artificial Intelligence) letters and robot hand are placed on computer motherboard in this illustration taken, June 23, 2023. Even if that came in slightly above forecasts, an unexpectedly sharp slowdown in the country's service sector ensured another underwhelming reaction. Chinese President Xi Jinping is likely to skip a summit of G20 leaders in India, sources told Reuters. Overall, Asia markets were flat to negative - Europe's bourses were higher and U.S. futures held steady ahead of Thursday's open. Reuters GraphicsReuters GraphicsReuters GraphicsReuters GraphicsBy Mike Dolan, editing by David Evans, <a href="mailto:mike.dolan@thomsonreuters.com" target="_blank">mike.dolan@thomsonreuters.com</a>.

Persons: Dado Ruvic, Mike Dolan, chatbots, Xi Jinping, Premier Li Qiang, Susan Collins, Raphael Bostic, Luis de Guindos, Campbell, David Evans Organizations: REUTERS, Federal Reserve, Baidu, HK, Washington, Reuters, Premier, U.S, Treasury, UBS, Chicago, Boston Federal, Atlanta Fed, European Central Bank, Broadcom, Dollar, Hormel, Reuters Graphics Reuters, Thomson Locations: U.S, Beijing, India, New Delhi, Asia

☆ Market sentiment around the athleisure space has soured, says Oppenheimer
▼ + stars: | 2023-08-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket sentiment around the athleisure space has soured, says OppenheimerBrian Nagel, Senior Equity Research Analyst at Oppenheimer, discusses earnings from Lululemon, as well as the broader retail sector.

Persons: Oppenheimer Brian Nagel Organizations: Equity, Oppenheimer

☆ Morning Bid: Markets brace for EU, US inflation data blitz
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +3 min

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, August 30, 2023. REUTERS/Staff/File Photo Acquire Licensing RightsA look at the day ahead in European and global markets from Brigid RileyA slew of economic data is set to roll out on Thursday, including preliminary euro zone CPI numbers and U.S. personal consumption data, with markets hankering for further inflation relief as central bank policy meetings march closer into view. The pan-European STOXX 600 index (.STOXX) closed lower and the euro jumped in the aftermath of the data, with markets now bracing for the last day of a gloomy August. Expectations are still hovering around a 50-50 chance of another ECB hike, with the focus on preliminary euro zone CPI data due later in the day. Meanwhile, Chinese stocks were looking glum again in the Asian morning after an official factory survey showed manufacturing activity slowed for a fifth month straight.

Persons: Brigid Riley, Collins, Lululemon, Pernod Richard, Edmund Klamann Organizations: REUTERS, Staff, European Central Bank, Reuters Graphics, Federal Reserve, UBS, Credit Suisse, Credit Suisse AG, PCE, Dollar, Corp, Broadcom Inc, Thomson Locations: Frankfurt, Germany, Spain, France, U.S, Italy, Switzerland, Central

☆ Lululemon will start to run into a wall in the medium term, says Jefferies' Randy Konik
▼ + stars: | 2023-08-31 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLululemon will start to run into a wall in the medium term, says Jefferies' Randy KonikRandy Konik, Jefferies retail analyst, joins 'Power Lunch' to discuss Lululemon ahead of the company's earnings report.

Persons: Jefferies, Randy Konik Randy Konik Organizations: Jefferies

☆ Lululemon's strong Chinese demand sets the stock apart from other retailers: Laffer Tengler CEO
▼ + stars: | 2023-08-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLululemon's strong Chinese demand sets the stock apart from other retailers: Laffer Tengler CEONancy Tengler, CEO & CIO of Laffer Tengler Investments, joins 'The Exchange' to discuss how to trade the Broadcom and VMWare deal, Chinese demand for Lululemon setting it apart from other retailers, and Pagerduty seeing a stagnation in valuation since its IPO.

Persons: Nancy Tengler Organizations: Laffer, Investments, Broadcom, VMWare

☆ Lululemon sees sales and profit jump 18%, boosts full-year guidance
▼ + stars: | 2023-08-31 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +2 min

Lululemon raised its full-year guidance Thursday after reporting an 18% jump in both sales and profit, beating Wall Street's estimates. Lululemon is expecting profits to be between $12.02 to $12.17 per share for the year, compared to a previous range of $11.74 to $11.94. The company's reported net income for the three-month period that ended July 30 was $341.6 million, or $2.68 per share, compared with $289.5 million, or $2.26 per share, a year earlier. Its gross margin was largely in line with expectations at 58.8%, compared to the 58.5% analysts had expected, according to StreetAccount. During its second quarter, inventories were still elevated 14% to $1.7 billion, compared with $1.5 billion in the year-ago quarter.

Persons: Lululemon, Wall Organizations: Refinitiv

☆ Stocks making the biggest moves after hours: Dell, Lululemon and MongoDB
▼ + stars: | 2023-08-31 | by ( Pia Singh | ) www.cnbc.com time to read: +1 min

MongoDB reported earnings of 93 cents per share, excluding items, on revenue totaling $423.8 million in the second quarter. That came in ahead of the earnings per share of 46 cents and $393 million in revenue expected by analysts polled by Refinitiv. The semiconductor company called for fourth-quarter revenue of $9.27 billion, while analysts polled by Refinitiv anticipated $9.275 billion. Meanwhile, analysts polled by Refinitiv expected $1.71 in earnings per share and $3.46 billion in revenue. Lululemon also said it now expects sales of $9.51 billion to $9.57 billion for the fiscal year.

Persons: MongoDB, Dell, Refinitiv, Lululemon Organizations: Refinitiv, Dell Technologies, Broadcom —, VMware

In the second quarter ended July 30, Lululemon's North America sales rose 11% as its affluent customer base picked up more of its workout gear and crossbody bags. Sales in China, which accounted for roughly 12% of overall revenue, increased 61% thanks to resilient demand following the easing of pandemic curbs. Lululemon said inventories increased 14% in the second quarter, below the roughly 20% growth forecast in June. The company's gross margins increased 230 basis points to 58.8% in the second quarter. It expects annual profit between $12.02 and $12.17 per share.

Persons: Andrew Kelly, Lululemon, Calvin McDonald, Rachel Wolff, Granth, Maju Samuel Organizations: REUTERS, North, Lululemon's, Nike, Thomson Locations: Manhattan , New York, U.S, Lululemon's North America, United States, China, Bengaluru

☆ S&P 500 futures are flat after Wall Street notches four-day winning streak: Live updates
▼ + stars: | 2023-08-30 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

S&P 500 futures were flat Wednesday night after the broad market index notched a fourth-straight positive day. Futures for the S&P 500 and Nasdaq 100 futures oscillated near the flat line. Investors are coming off a positive session for the major averages Wednesday, with the S&P 500 ending the day 0.38% higher. The Dow and S&P 500 are each lower by more than 1% in August, while the Nasdaq is off by over 2%. Economists polled by Dow Jones are expecting a year-over-year rise of 4.2% last month, up slightly from a 4.1% increase the previous month.

Persons: Stephanie Link, Dow Jones Organizations: New York Stock Exchange, Traders, Nasdaq, Dow Jones Industrial, Dow, Dow Jones, Reserve, Broadcom, Fed

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