{
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Lululemon Reports Strong International Growth Amid Slowing US Sales
Lululemon's stock surged 8% after reporting a 9% year-over-year sales increase, driven by strong international growth despite a slowdown in U.S. sales. The company expects holiday quarter revenue between $3.48 billion and $3.51 billion, with earnings per share projected at $5.56 to $5.64, surpassing analyst expectations. Amid challenges, including a competitive market and product launch missteps, Lululemon is focusing on profitability and has approved a $1 billion stock buyback program.
CNBC
United States Dollar GAPACK Levi's V.F. Corporation Vuori Lululemon Athletica Inc. Alo Yoga NIKE, Inc. USA CHN CAN Sun Choe Calvin McDonald Show more
Finance & Economy, Market Report
22:19 05.12.2024
vuori secures 5.5 billion valuation through secondary share sale
Vuori, the activewear maker, is facilitating a tender offer that allows early investors and employees to sell shares, valuing the company at approximately $5.5 billion. This secondary share sale is estimated to be around $825 million, according to sources familiar with the situation.
Bloomberg.com
Vuori USA
Finance & Economy, Market Report
22:43 07.11.2024
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