Lululemon Athletica (LULU) reported second quarter results that beat on both the top and bottom lines. Oppenheimer & Co. Senior Analyst Brian Nagel calls the results 'very solid.' Nagel goes on to say that Lululemon is benefiting from the fact that people are still dressing casually post-pandemic. On the consumer, Nagel says 'this is one of the most fluid, frankly one of the most confusing consumer environments I have ever seen.' 'I think what we're seeing here is a discerning consumer,' Nagel adds.
You'll be surprised to learn that Dubai has these ten things...China's largest private property developer warned on Wednesday of default risks if its financial performance continues to deteriorate, and said it "felt deeply remorseful" for its record loss in the first half. Country Garden posted a net loss between January and June of 48.9 billion yuan , versus a 6.7 billion yuan net loss in the second half of 2022 and a 612 million yuan net profit in the first half of 2022.
The liquidity stress in Country Garden became public this month after it missed two dollar-coupon payments - which the developer confirmed for the first time on Wednesday - and sought to extend an onshore private bond repayment, deepening contagion fears.Canadian Prime Minister Justin Trudeau has been a mediocre, ineffective leader since coming to power in 2015. Every time you believe he’s reached the lowest depths of political incompetence, he finds a new way to sink even further into the muck.
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Lululemon ups forecast, tops expectations with double-digit earnings growthLululemon Athletica Inc. reported an 18 per cent surge in profits last quarter, prompting it to raise its fiscal forecast for the year after beating expectations.
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Lululemon Raises Outlook, Sidesteps Broader Retail WeaknessLululemon Athletica Inc. lifted its full-year outlook, citing advances in market share while underscoring how demand for the activewear brand is staying robust even as consumer spending weakens in other categories.
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Lululemon raises annual forecasts for second time on buoyant demand(Reuters) - Lululemon Athletica lifted its annual sales forecast for a second time on Thursday, betting on steady demand for its activewear from ...
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Lululemon raises annual forecasts for second time on buoyant demandLululemon Athletica betting on steady demand for its activewear from affluent shoppers in North America and China
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Lululemon increases guidance as sales, profit each up 18 per centLululemon is becoming an even more international company, with revenue outside the U.S. up 52%
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Lululemon increases guidance as sales, profit each up 18 per centLululemon is becoming an even more international company, with revenue outside the U.S. up 52%
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