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☆ Lululemon CEO Calvin McDonald: We are well-positioned for the holiday season
▼ + stars: | 2022-12-09 | 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 CEO Calvin McDonald: We are well-positioned for the holiday seasonLululemon CEO Calvin McDonald joins CNBC's 'Squawk on the Street' to discuss the company's weaker-than-expected outlook, its global growth strategy, and more.

☆ 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.

☆ Lululemon shares fall after company offers weak holiday quarter guidance
▼ + stars: | 2022-12-08 | by ( Melissa Repko | ) www.cnbc.com time to read: +2 min

Lululemon on Thursday reported sales and profit that topped estimates, but the company offered softer guidance than expected for the fourth quarter. CEO Calvin McDonald said on an earnings call that the company had a strong start to the holiday season. Lululemon said Thursday it expects fourth quarter per-share earnings of $4.20 to $4.30, compared to estimates of $4.30. It also sees revenue of between $2.605 billion to $2.655 billion, versus a projected $2.649 billion. It also raised its adjusted earnings per share outlook to a range of $9.87 to $9.97, from last quarter's guidance of $9.75 to $9.90.

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