LULU news and archive

Lululemon Athletica stock on the rise on 500 million dollar acquisition of Mirror

Lululemon Athletica stock started rising after hours on Tuesday, following news on the yoga fashion brand’s acquisition of Mirror, a home fitness business. The deal’s price tag is 500 million dollars. The market sees this deal as a move by the fashion retailer to meet consumers where they are now (worldwide lockdowns have been a boon for all...

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Management|ANALYSIS

Lululemon’s CEO reassures the market: “Our financial health is strong

New York – In a recent earnings, Calvin McDonald, CEO at Lululemon, discussed the company’s fourth-quarter results, as well as the near future of the company in the light of the coronavirus pandemic. The yoga apparel brand’s leadership is confident in their results in the short and middle term. “The safety and well-being of our people and our...

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Management|ANALYSIS

Market cheers LULU's strong Q4 results with stock uplift

New York - Shares of Lululemon Athletica Inc. jumped in early trading Monday after the yoga apparel brand increased its fourth-quarter guidance for sales and profit. The news lifted the mood across the apparel sector, battered with overall poor holiday sales figures. Lululemon enjoyed the best holiday season in six years, therefore raising its...

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Management|ANALYSIS

New products help Lululemon top analysts’ sales estimates in Q1

Brand new products and an expanded womenswear collection have helped Lululemon Athletica to top market estimates for its first-quarter sales. The Canadian company posted Wednesday a sales increase of 17 percent to 495.5 million dollars in the quarter ended May 1, compared to the 487.6 million dollars projected by analysts. After missing...

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Management|ANALYSIS

Is Lululemon ready to put itself up for sale?

Rumours about a potential sale of Lululemon Athletica have surrounded the yoga inspired apparel for months now. With the likes of Wells Fargo and Jefferies agreeing on the company’s potential for 2016, a sale good be a good option for potentially interested bidders. Analysts have speculated the company could be a takeover target, though it has...