Search Results for: lululemon

Report: Lululemon Exploring Sale Of Mirror Fitness Platform

Report: Lululemon Exploring Sale Of Mirror Fitness Platform

Lululemon Athletica, Inc. is working with an adviser to explore selling the Mirror connected fitness business, which has underperformed since LULU acquired the company in 2020, sources told Bloomberg. The report comes as LULU, on March 29, said it absorbed after-tax impairment and other charges against fourth-quarter earnings totaling $442.7 million related to Mirror. (Read More)

EXEC: Lululemon Delivers Blowout Holiday Quarter, Bullish 2023 Outlook

EXEC: Lululemon Delivers Blowout Holiday Quarter, Bullish 2023 Outlook

Lululemon Athletica, Inc. took a massive impairment charge in the fourth quarter to cover write-offs and the restructuring of its Mirror’s connected-fitness business. However, shares of Lululemon are up about 15 percent in -pre-market trading Wednesday as fourth-quarter results topped estimates and an upbeat outlook was provided for 2023. (Read More)

EXEC: Lululemon’s Shares Decline Sharply On Weak Guidance 

EXEC: Lululemon’s Shares Decline Sharply On Weak Guidance 

Lululemon Athletica, Inc. raised its full-year outlook on robust third-quarter results that surpassed plans, but soft guidance for the fourth quarter sent the stock down about 12 percent Friday in mid-day trading. Speaking to analysts, CEO Calvin McDonald acknowledged a "challenging" environment for sales. The tempered guidance came despite Black Friday ranking as LULU's most profitable for revenue and traffic, driven by worldwide sales. (Read More)

Archives

Categories

Pin It on Pinterest