Lululemon’s Forecast Too Low for Investors Used to Big Beats
Bloomberg 1/11/2021 Sandrine Rastello
(Bloomberg) Yogawear maker Lululemon Athletica Inc. revised its guidance for the current quarter but failed to impress investors who expected better.
The Vancouver-based company said Monday it sees sales growth in the high teens for the period ending Jan. 31, at the high end of its Dec. 10 guidance. Growth in adjusted diluted earnings per share will “be at the high end of its mid-single digits expectation,” the company said.
That wasn’t enough to some investors, who’ve become used to Lululemon beating expectations. The shares dropped in premarket trading and were down 0.5% to $356.46 as of 9:35 a.m. in New York.
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Nike stock is jumping as investors cheer its upbeat fiscal-second-quarter report, which demonstrated that the athletic giant’s pandemic momentum continues.
After the bell Friday, Nike (ticker: NKE) said it earned 78 cents a share on revenue that rose 7% year over year on a constant currency basis to $11.2 billion. Analysts had predicted EPS of 63 cents on revenue of $10.55 billion. The company saw digital sales soar by triple digits in North America.
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Nike Stock Is Soaring Because Wall Street Is Cheering Strong Earnings
Nike stock is jumping as investors cheer its upbeat fiscal-second-quarter report, which demonstrated that the athletic giant’s pandemic momentum continues.
“A gender quota does not make the talent pool any bigger or better”
Deutsche Bank’s CEO Americas talks about women on management boards, uncomfortable discussions and her plans for more racial and ethnic diversity.
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We are getting off to a good start, my goodness (laughs). Look: Deutsche Bank is committed to attracting and promoting the best talent at every level and to being an attractive employer. Appointing the CEO is, of course, a matter for the Supervisory Board. It is our responsibility to ensure that there’s a deep enough pool of women eligible for roles on the Management Board. We have more work to do in that respect.