Reitmans Ord Shs V.RET

LULU

[Contrarian333]

Lululemon Athletica Inc 

LULU-Q increase

 

 said on Thursday inventories surged in the third quarter as consumers pulled back on spending.

 

The athleisure apparel maker’s shares were down 10 per cent in extended trading.

[savyinvestor333]

They still beat earnings but said 4th quarter will be below estimates. Now down 7%

[filoux004]

Thanks for the input, although I think the upcoming ret.a numbers are going to be very strong the guidance will probably the same as lulu. The Canadian consumer is a state of shock with rates and inflation, it's going to be a long drawn out process. Glta

[TheCount11]

Was still a great quarter to me as revenue was $1.9 billion, up 31% on a constant dollar basis. Management raised guidance earlier so expectations were high. International is doing great.  Very well managed brand.

[nedstar71]

Lulu and Reitmans are just about as far apart on the spectrum as you can get though.  Extremely expensive clothing vs value brands.  I doubt one will be indicative of the other.  It's possible people tightening their spending may even result in increased traffic at inexpensive clothing retailers.

[filoux004]

All valid points, long and strong but with rates the walk up the staircase will be a slow grind. 4-5$ is definetetly a reasonable target for next 6-9 months. The other name that I have a small weighting is Indigo Books trading at .25X sales and sitting on 86M cash. Glta