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0.00128980552738016 0.000701253490614405 0.00311807355648222 0.00823972851471997 0.000788910176941277 0.000788910176941277 0.000788910176941277 0.000788910176941277
Stock impact report

Lululemon's ‘best days' may be in the past, analyst says as stock soars [BNN Bloomberg (Canada)]

lululemon athletica inc. (LULU) 
Last lululemon athletica inc. earnings: 3/26 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lululemon.com
Company Research Source: BNN Bloomberg
Simeon Siegel, managing director of equity research at BMO Capital Markets, told BNN Bloomberg that Lululemon's third quarter earnings release on Thursday has led many investors to reevaluate the stock, which is down more than 20 per cent in 2024. “Today it's moving a lot, it's recapturing a lot, it's squeezing a lot of shorts and it's making people questions again that maybe it's not on its way down, maybe it's not on this negative inflection,” he said in a Friday interview. But it's important to look beneath the headline numbers and examine the Vancouver-based retailer's core business, Siegel argued, noting that while the company saw strong third-quarter sales growth internationally , its U.S. business was flat. “(Lululemon's) U.S. business is underperforming the broader apparel group, and its gross margin's underperforming the broader apparel group – I think those are two very important questions,” he said. “It's a very strong brand, it's a big brand, but (we) also have to Show less Read more
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