$Lululemon(LULU.US) -11% AH after cutting its net revenue and earnings guidance for the full year, which missed consensus ests. I have been critical of LULU in the past given the revolving door of CEOs over the past five years, the strained relationship between founder Chip Wilson and the Board, and intense competition from Vuori, Alo, and Skims (Kardashian) with little or no product differentiation.
FY’2027 Forecast - Net revs $11B to $11.15B, saw $11.35B to $11.5B vs 11.49B est.- EPS $10.95 to $11.15, saw $12.10 to $12.30, vs $12.38 est2Q Forecast- Net revs $2.45B to $2.48B vs $2.6B est- EPS $1.76 to $1.81, vs $2.69 est1Q Results- EPS $1.69 vs. $1.69 est- Net revenue $2.47 vs $2.44B est- Total SSS comps -2% vs -0.23% est- Americas SSS comps -6% vs -7.1% est- Internat’l SSS comps +8% vs +13.2% est- Gross margin 54.2% vs 54.6% estCommentary- This is last quarter before incoming CEO Heidi O’Neill joins the company from Nike, where she put up mixed results as President of Consumer and Matketing- CFO Meghan Frank: “We have been navigating headwinds that have led us to adjust our outlook for the full year. We have assessed the business and are taking additional actions to reposition where needed and further strengthen our product engine.”The copyright of this article belongs to the original author/organization.
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