$LULU to open at 2-yr low after cutting Q4 profit + sales view to below WallStreet ests. ITZ re-entered last Friday with 1/2 position $59.30. Lets not rush to exit so quickly, may add to position...stay tuned
6:13 am lululemon athletica warns for Q4: lowers EPS and revenue guidance below consensus; lowers Q4 comp guidance (LULU) : •Co issues lowered guidance for Q4 (Jan), sees EPS of $0.71-0.73 from prior guidance of $0.78-0.80 vs. $0.79 Capital IQ Consensus Estimate; sees Q4 (Jan) revs of $513-518 mln from prior guidance of $535-540 mln vs. $540.06 mln Capital IQ Consensus Estimate. •Co's current guidance is based on comparable-store sales in the negative low-to-mid single digits on a constant-dollar basis. This compares to the Company's previous guidance of net revenue in the range of $535 million to $540 million for the fourth quarter based on flat comparable-store sales on a constant-dollar basis. •"We were on track to deliver on our sales and earnings guidance through the month of December; however, since the beginning of January, we have seen traffic and sales trends decelerate meaningfully. Based on this recent performance and assuming these trends continue through the remainder of January, we are reducing our outlook for the fourth quarter...As we end 2013, we are starting to see the results of the significant investments we made throughout this past year to strengthen and enhance our back-of-house product operations structure. While we realize that it will require continued investment and time to get to best-in-class status, with our new leadership in place we are very focused on building on this stronger foundation to execute our long-term growth strategies."
Subscribe in a reader 
5 comments:
$LULU to open at 2-yr low after cutting Q4 profit + sales view to below WallStreet ests. ITZ re-entered last Friday with 1/2 position $59.30. Lets not rush to exit so quickly, may add to position...stay tuned
6:13 am lululemon athletica warns for Q4: lowers EPS and revenue guidance below consensus; lowers Q4 comp guidance (LULU) :
•Co issues lowered guidance for Q4 (Jan), sees EPS of $0.71-0.73 from prior guidance of $0.78-0.80 vs. $0.79 Capital IQ Consensus Estimate; sees Q4 (Jan) revs of $513-518 mln from prior guidance of $535-540 mln vs. $540.06 mln Capital IQ Consensus Estimate.
•Co's current guidance is based on comparable-store sales in the negative low-to-mid single digits on a constant-dollar basis. This compares to the Company's previous guidance of net revenue in the range of $535 million to $540 million for the fourth quarter based on flat comparable-store sales on a constant-dollar basis.
•"We were on track to deliver on our sales and earnings guidance through the month of December; however, since the beginning of January, we have seen traffic and sales trends decelerate meaningfully. Based on this recent performance and assuming these trends continue through the remainder of January, we are reducing our outlook for the fourth quarter...As we end 2013, we are starting to see the results of the significant investments we made throughout this past year to strengthen and enhance our back-of-house product operations structure. While we realize that it will require continued investment and time to get to best-in-class status, with our new leadership in place we are very focused on building on this stronger foundation to execute our long-term growth strategies."
entered 1/4 position $46 $LULU
RBC Upgraded today:
ITZ added final 1/4 position @ $47
Average Cost Basis $52.90
Post a Comment