Why Lululemon Shares Are Falling Today
Why Lululemon Shares Are Falling Today
Foot Locker and Abercrombie & Fitch also reported their fiscal 2024 second-quarter earnings before the market opened on Wednesday.Lululemon Athletica Inc. (NASDAQ:LULU) shares are trading lower Wednesday. The decline comes amid broader sector weakness, particularly following the earnings reports of other retail and athletic wear companies, such as Foot Locker Inc. (NYSE:FL) and Abercrombie & Fitch Company (NYSE:ANF).
Lululemon Athletica Inc. (納斯達克:LULU)股價週三下跌。此次下跌是整個板塊疲軟的結果，尤其是在其它零售和運動服裝公司如富樂客(Foot Locker Inc., 紐交所：FL)和 Abercrombie & Fitch Company (紐交所：ANF)發佈業績後。
Both companies reported better-than-expected earnings but failed to inspire confidence across the sector, leading to a sell-off that impacted Lululemon as well.
這兩家公司的盈利超過預期，但未能在整個板塊中激發信心，導致賣壓影響了Lululemon。
What To Know: Lululemon is set to release its second-quarter earnings on Thursday, Aug. 29, after market close. Analysts expect the company to report earnings per share (EPS) of $2.92 and revenue of $2.409 billion.
了解一下：Lululemon計劃在8月29日週四的盤後公佈其第二季度業績。分析師預計該公司將報告每股收益爲2.92美元，營業收入爲24.09億美元。
Foot Locker and Abercrombie & Fitch also reported their fiscal 2024 second-quarter earnings before the market opened on Wednesday.
富樂客和 Abercrombie & Fitch也在週三市場開盤前發佈了他們2024財年第二季度的業績。
Foot Locker: The company posted a loss of five cents per share, which was better than analysts' expectations of a seven cents per share loss.
富樂客：公司每股損失爲5美分，好於分析師預期的每股損失爲7美分。
Foot Locker also reported sales of $1.89 billion, slightly exceeding the $1.88 billion forecast. The company reaffirmed its adjusted EPS guidance for the 2024 fiscal year, projecting between $1.50 and $1.70.
富樂客的銷售額爲18.9億美元，略高於18.8億美元的預期。公司重申了其2024財年調整後每股收益的指導範圍，預計在1.5美元至1.7美元之間。
During the quarter, Foot Locker opened five new stores but closed 41. Additionally, 14 stores were remodeled or relocated and 67 were updated to meet new design standards.
在這一季度，富樂客開設了5家新店，但關閉了41家店鋪。此外，有14家店進行了改裝或遷址，67家店進行了更新以符合新的設計標準。
Abercrombie & Fitch: Abercrombie outperformed analyst estimates by reporting sales of $1.13 billion, surpassing the expected $1.10 billion, and an adjusted EPS of $2.50, above the $2.22 forecast. The company also anticipates third-quarter net sales to grow in the low double digits year-over-year.
Abercrombie & Fitch：該公司的銷售額爲11.3億美元，超過了預期的11億美元，並且調整後每股收益爲2.5美元，高於2.22美元的預期。該公司還預計第三季度淨銷售額將同比增長兩位數。
Analyst Outlook: Despite the recent dip, analysts maintain a generally positive outlook on Lululemon.
分析師展望: 儘管最近有所下跌，分析師仍然對露露檸檬的前景保持普遍積極的看法。
Wedbush analyst Tom Nikic lowered his price target from $400 to $324 while maintaining an Outperform rating. Truist Securities analyst Joseph Civello maintains a Buy rating with a $310 price target.
Wedbush分析師Tom Nikic將其目標價從400美元降至324美元，同時維持跑贏市場評級。Truist Securities分析師Joseph Civello保持310美元的買入評級。
The consensus analyst rating remains a Buy, with a price target of $387.72, indicating a potential upside of approximately 26.95%.
一致的分析師評級仍然爲買入，目標價爲387.72美元，顯示潛在上漲約26.95%。
LULU Price Action: Lululemon's stock closed Wednesday down 4.55% at $258.83, according to Benzinga Pro.
LULU股價走勢: 根據Benzinga Pro的數據，Lululemon的股價週三收盤下跌4.55%，報258.83美元。
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