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Lululemon’s Ambitious 2026 Goals Slip Further Away As U.S. Market Sours In 2024 [Forbes]

Gap, Inc. (The) (GAP) 
US:NYSE Investor Relations: greatatlanticinc.com
Company Research Source: Forbes
Getty Images Athleisurewear giant an otherwise strong fourth quarter and full-year earnings report with results exceeding expectations. Annual sales surpassed $10 billion for the first time, reaching $10.6 billion on 10% year-over-year growth. The fourth quarter ended Feb. 2 posted 13% gains to $3.6 billion and a 14% increase in income from operations to $1 billion. Yet, the company's tempered guidance spooked Wall Street. Lululemon shares plunged 14% after the market opened on Friday and fell a bit further to end as the for the day. Lululemon expects first quarter 2025 revenues to range between $2.335 billion and $2.355 billion, up between 6% to 7%, and full year to reach $11.15 billion to $11.3 billion on 5% to 7% growth. However, that may not be enough for the company to realize its ambitious “Power of Three x2” strategic plan that called for revenues to double from $6.25 billion in 2021 to $12.5 billion by 2026. Despite assurances that the company remains focused on exe Show less Read more
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