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Stock impact report

Lululemon CEO sounds alarm on unexpected customer behavior [Yahoo! Finance]

Five Below, Inc. (FIVE) 
Last five below, inc. earnings: 3/18 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.fivebelow.com/investor-relations
Company Research Source: Yahoo! Finance
In Lululemon's fourth-quarter earnings report for 2024, it revealed that while its net revenue increased by 13% year-over-year during the holiday season, its comparable sales in the Americas were flat, compared to the same time period in 2023. ? Get expert insights and actionable trade alerts from veteran investing experts and hedge fund managers. Join TheStreet Pro today and get the first month FREE According to recent data from Placer.ai, Lululemon's store traffic during the fourth quarter of 2024 only increased by 2.4% year-over-year. This is weaker than the roughly 8.2% increase in foot traffic it faced in the prior quarter. Related: Five Below considers a harsh change amid threat of tariffs During an earnings call on March 27, Lululemon CEO Calvin McDonald warned that the company is continuing to see a weakening in consumer demand, despite recent efforts to attract more customers into stores. “We started this year with several compelling new product launches, but we Show less Read more
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