TSXV:RYU.H - Post by User
Comment by
Riddler76on Mar 19, 2019 10:25am
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Post# 29504884
RE:RE:RE:Earnings release
RE:RE:RE:Earnings releaseHi had2chimeIN, let me assure you I have no motives. I'm a shareholder who shares your frustrations. By "organically and responsibly" I mean they have not sourced a significant celebrity to push the product and are trying to build their awareness through community involvement. I know the Fashion Island store in California has immediately taken to this concept. I do see the long term sustainability doing it this way, but with retail it's never a guarantee and if you are seeing empty stores in BC then what good is brand awareness if the awareness still buys at Lululemon. Going into the earnings expected the second week of April they are coming off of three combined quarters of a 76.6% increase year over year in revenue and 53% increase in profit in revenue. But you are right, on a square foot basis the cash flow is still not where it needs to be but I'm hoping with the upcoming earnings it will show it is building. As for the social media, I had expressed I'd like to see more followers and likes, no question. Finally, I never claimed they were profitable as you said I did, I have pointed out that their revenues are increasing and it's a startup company trying very hard to get their brand message out there, shoppers to commit in store and online and to keep growing. 3 stores opened in 2018 and 1 in early 2019. You have to start somewhere.