|Bid||177.59 x 800|
|Ask||177.73 x 800|
|Day's Range||176.68 - 178.96|
|52 Week Range||95.39 - 179.50|
|Beta (3Y Monthly)||1.24|
|PE Ratio (TTM)||49.28|
|Earnings Date||May 29, 2019 - Jun 3, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||174.54|
Ahead of its investor day, Lululemon released a five year growth plan, doubling sales of its men's and online businesses, as well as quadruple international revenue, by 2023. Yahoo Finance's Adam Shapiro and Julie Hyman discuss with the panel.
Lululemon says it has four different types of shops that it's looking to open today, compared with just one prototype five years ago.
Lululemon Athetica plans to rapidly expand in China and double men’s sales as part of its five-year growth plan at the Lululemon analyst day. Luluemon stock rose.
Lululemon still has some work to do to win men over with its jogger pants and sweat-proof shirts. Lululemon wants to double its men's sales by 2023, meaning revenues in that category will eclipse $1 billion annually. Lululemon LULU , known for its sports bras and yoga pants for women, still has some work to do to win men over.
After previously partnering with sneaker brand APL, and presumably seeing how many pairs it was able to sell, Lululemon CEO Calvin McDonald said he learned a lot through the collaboration and is ready to start selling branded footwear. Sneaker expert Matt Powell told Benzinga last summer a footwear line from Lululemon could potentially surpass its apparel sales if the right customer is reached. “It is hard to start a footwear brand, but not impossible,” Powell said at the time.
Men’s apparel is a newer area for a retailer that got its start courting female yoga devotees. The opportunity for Lululemon in markets outside the U.S. and Canada is clear. As of the end of the latest fiscal year, only 21 percent of Lululemon stores were outside the U.S. or Canada.
Shares of retailer Macy's rose 2% Wednesday, following a report by Bloomberg that the retailer may build an office tower on top its flagship New York store at Herald Square. The report is an indication the retailer may be further evaluating ways to make money off its expansive real estate portfolio. Macy's shares, which are valued at $7.7 billion, are down nearly 17% over the past year.
Lululemon says it's had success with its collaboration with Los Angeles-based sneaker maker Athletic Propulsion Labs. The retailer says it's planning to get into the footwear business with its own products. Lululemon LULU is about to step into the shoe business in a bigger way.
Lululemon, which turned women's yoga wear into mainstream fashion, has been looking to expand its online presence and offer more menswear to better compete with sportswear makers such as Under Armour Inc and Nike Inc. The company said it hopes to more than double the size of its revenue from men's wear by 2023. "We are really trying to get over the idea that Lululemon is a woman's brand," Chief Product Officer Sun Choe said. Lululemon said it would raise awareness of men's wear through events, membership programs, video campaigns and marathons.
shares traded at a fresh record high Wednesday after the athletic wear group unveiled a new group strategy that it says will boost digital revenues and quadruple its international sales over the next five years. The group's 'Power of Three' strategy will also focus on increasing sales of men's clothing, which is hopes will more than double by 2023, alongside the continued expansion of its women's line and associated accessories. Lululemon also said it sees overall group revenues rising by a "low teen" percentage over the next five years, with modest profit margin expansion and a capital expenditure target of between 6% and 8% of sales.
Will Columbia Sportswear Continue to Impress with Q1 Results?Will the growth streak continue?Columbia Sportswear (COLM) plans to announce its first-quarter results after the market closes on April 25. Columbia Sportswear announced stellar
Lululemon Athletica Inc. laid out its five-year plan on Wednesday, which will include doubling the men's and digital business while quadrupling its international sales. Men's business was a standout in the fourth quarter. The company aims to grow total revenue in the low teens and annual square footage growth in the low double-digits. Chief Executive Calvin McDonald told The Wall Street Journal that there are no plans to lower the price on their sought-after yoga pants. Lululemon also wants to build on the 4,000 events it hosted in 2018, with a 25,000-square-foot store coming to the Lincoln Park section of Chicago in July. It will have studios for yoga and meditation as well as healthy foods and community space. Lululemon is hosting its annual investor event on Wednesday. Lululemon inched 1% higher in Wednesday premarket trading, but has soared 45.4% in the year to date. The S&P 500 index is up 17% for 2019 so far.
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Lululemon is kicking off its analyst day for the first time in five years. It marks the formal introduction of CEO Calvin McDonald to Wall Street.
Futures for Canada's main stock index inched lower on Wednesday, ahead of Bank of Canada's interest rate decision and amid a drop in oil prices and global equities. June futures on the S&P/TSX index were ...
Building upon a year of considerable growth in 2018 and having already delivered on several of its key 2020 goals, the Company is meeting with investors and analysts today to outline its growth strategy for the next five years. The Company plans to fuel growth through its Power of Three strategic plan to drive product innovation, create integrated Omni guest experiences, and to expand deeper in key markets around the world. The growth strategy includes a plan to double men’s and digital revenues, and to quadruple international revenues.