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Lululemon continues to report strong growth and profits from its premium wear. Yet, no one can deny how solid Nike's brand has been historically over the years.
Lululemon joined industry peers in pointing to a tougher selling environment. Shares of the athletic wear maker look attractive despite recent challenges.
Investors weren't too happy with the guidance Lululemon gave for the current quarter. Growth is slowing and competition is stiff, but Lululemon has a premium brand and strong profitability.
Jan Rogers Kniffen discusses the takeaways from retail stocks this earnings season. He highlights Lululemon (LULU) among other retail names.
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A retailer originally known for its yoga wear, Lululemon (LULU) has evolved into a competitor of Nike (NKE), Adidas (ADDYY), and many more. In 2022 alone, Lululemon's revenue topped $8 billion, a more than 30 percent increase year-over-year.
Despite exceeding their quarterly top and bottom-line expectations on Thursday, Nike (NKE) and Lululemon (LULU) shares fell in today's trading session due to softer-than-expected guidance.
Carter Worth, Worth Charting, gives the technical take on Lululemon and Nike.
Dana Telsey, Telsey Advisory Group CEO, joins 'Closing Bell Overtime' to discuss the state of the retail consumer following Nike and Lululemon earnings.
Lululemon was set for its worst day in more than four years, while Nike shares touched a six-month low on Friday.