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Stock Market & Financial Investment News

News Breaks
March 26, 2014
12:29 EDTLULUEarnings Preview: lululemon reporting Q4 results after cutting outlook
Lululemon Athletica (LULU) is scheduled to report fourth quarter earnings before the market open on Thursday, March 27, with a conference call scheduled for 9:00 am ET. Lululemon is a designer and retailer of yoga-inspired apparel operating primarily in North America and Australia. EXPECTATIONS: Analysts are looking for earnings per share of 72c on revenue of $515.11M, according to First Call. The consensus range for EPS is 70c-73c on revenue of $508.1M-$521.44M. LAST QUARTER: Lululemon reported third quarter EPS of 45c against estimates for 41c on revenue of $379.9M against estimates for $376.2M; same-store sales increased 5% and direct-to-consumer revenue increased 37% to $62M. NEWS: In January, lululemon cut its Q4 outlook due to decelerating traffic, and said it had seen traffic and sales trends decelerate "meaningfully" in January. The company's updated Q4 guidance is EPS of 71c-78c on revenue of $513M-$518M vs. prior guidance of 78c-80c and $535M-$540M, respectively. The company forecast Q4 comparable sales in the negative low to mid single digits, below its previous guidance of flat comparable store sales on a constant basis. Lululemon commented that "At the end 2013, lululemon is starting to see the results of the significant investments it made throughout this past year to strengthen and enhance its back-of-house product operations structure. The company said it is confident that its new leadership will help build on this 'stronger foundation to execute our long-term growth strategies.'" At the ICR Xchange Conference in January, the company said it is taking next year "seriously" and plans to do everything it can to make conversation "more positive." Lone Pine Capital liquidated its stake in the company. STREET RESEARCH: According to TheStreet.com's Stephanie Link, lululemon has the potential to be a Wall Street "darling" once again as the many problems the company had last year are likely to be fixed with new management. Stifel expects lululemon's FY14 guidance to miss analysts' consensus estimates, but expects the company to return to positive comps by the second half of fiscal year 2014. The company said in a court filing related to a shareholder lawsuit that the company promptly addressed quality control problems with its luon pants as they became apparent and updated investors in real time. During the quarter, the stock's price target was lowered at Deustsche Bank, Credit Suisse and JPMorgan. Shares were upgraded at Oppenheimer and RBC Capital, and downgraded at Janney Capital and ISI Group. PRICE ACTION: Over the last three months, lululemon shares are down almost 18%. Year-to-date, shares are down about 17%. Ahead of tomorrow's earnings, shares are up over 2% in mid-day trading.
News For LULU From The Last 14 Days
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July 25, 2014
12:09 EDTLULUStocks with call strike movement; TWTR LULU
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July 24, 2014
07:08 EDTLULULululemon Athletica August volatility low as shares near 40-month low
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July 21, 2014
06:45 EDTLULUlululemon files lawsuit against 'knockoff artists', The Globe and Mail says
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July 18, 2014
06:06 EDTLULUStocks with implied volatility below IV index mean; LULU INTC
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July 17, 2014
10:07 EDTLULULululemon Athletica July calls active on renewed takeover chatter
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09:53 EDTLULURumor: lululemon moves up on renewed takeover chatter
05:56 EDTLULUStocks with implied volatility below IV index mean; LULU INTC
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July 16, 2014
05:51 EDTLULUStocks with implied volatility below IV index mean; LULU LL
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