![]() ![]() While discounting is nowhere near as excessive as other retailers, Lululemon’s inventory position is much higher than last year and, as a result, there has been a modest uplift in markdowns and provisions,” Saunders said in emailed comments. “Foremost among these is a modest increase in discounting in order to clear down inventory. The fourth quarter brought on a set of pressures that have disrupted the brand’s typical performance, according to GlobalData Managing Director Neil Saunders. While the gross margin update is somewhat out of the ordinary for the retailer, all hope isn’t lost, according to some analysts. 2022 has been a strong year for Lululemon, and we remain focused on the significant opportunities ahead as we continue to deliver on our Power of Three x2 growth plan.” ![]() “We are pleased with our continued revenue growth and momentum in the business, as our teams navigate a dynamic macro-backdrop,” Calvin McDonald, Lululemon CEO, said in a statement. “In Q4, traffic remains strong across both physical and digital channels, and we anticipate delivering another quarter of solid earnings growth consistent with our updated EPS forecast. Lululemon’s announcement set a sour note for the brand on Monday, as reflected by its falling stock price - which dipped below $300 at one point, from Friday’s $329. Company leadership nevertheless expressed optimism about the business’ status. ![]()
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