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Lululemon's International Boom
And, Ulta Beauty "gaining traction."
Today is Friday, December 6, 2024.
The Early Bird Index today is 84.72
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Lululemon's International Boom
Call it a comeback? Lululemon Athletica (NYSE: LULU) jumped 9.19% in after-hours trading on Thursday after posting strong financial earnings results.
Financials: Lululemon reported earnings of $2.87 per share in the past quarter and revenue of $2.4 billion; both were better than expected.
Powering the Story: The company’s gross margins surged thanks to its flourishing international business. While sales in the U.S. only grew a measly 2%, international sales jumped 33%.
Early Bird’s Nest Egg Gains: Lululemon's international business is booming due to an omnichannel approach that includes highly productive stores and e-commerce sites.
Lululemon is adapting its products and marketing strategies to local preferences.
In China, Lululemon is positioning itself as a premium brand.
Final Thoughts: Lululemon’s stock was down 31% this year, but a new $1 billion stock buyback announced on Thursday could boost the stock price.
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Notables
Notable Earnings Today: Genesco (NYSE: GCO), BRP (Nasdaq: DOOO).
Notable IPOs Today: Jackson Acquisition Company II (NYSE: JACS), Jinxin Technology Holding Company American Depositary Shares (Nasdaq: NAMI), TNL Mediagene Ordinary Shares (Nasdaq: TNMG).
Notable Equity Crowdfunding Campaigns Ending Today: Grupo Zorro (Netcapital), HeadFarm (Netcapital), Aether THERAPEUTICS (Netcapital), Revohloo (Netcapital), Rejuve.Bio (Netcapital), GenesisAI (Netcaptial), AccuShoot (Netcapital).
Notable Economic Events Today: Unemployment Rate (8:30 a.m. ET), Average Hourly Earnings (8:30 a.m. ET), Nonfarm Payrolls (8:30 a.m. ET), Labor Force Participation Rate (8:30 a.m. ET), Michigan Consumer Expectations / Sentiment (10:00 a.m. ET), Consumer Credit (3:00 p.m. ET).
Ulta Beauty "Gaining Traction"

Gif by jaleesajaikaran on Giphy
Ulta Beauty (Nasdaq: ULTA) was down 19% this year, but the stock jumped 12.16% in after-hours trading on Thursday after releasing its new financial earnings results.
Financials: Ulta Beauty reported earnings of $5.14 per share in the past quarter and revenue of $2.53 billion; both were better than expected.
Details: There’s a lot to like here. Same-store sales grew 6% instead of a projected decline. The company raised its financial outlook. Also, Ulta Beauty is seeing lower inventory shrink, which is retail verbiage for less product damage and theft.
Quote: “I am proud of the progress we’ve made and encouraged by early signs that our efforts to reinforce our market position and drive improved performance are gaining traction.” - CEO Dave Kimbell.
Final Thoughts: Heading into the holiday season, Ulta Beauty is looking better.
GitLab’s New CEO
The software platform GitLab (Nasdaq: GTLB) jumped 7.12% in after-hours trading on Thursday after reporting strong financial results and announcing a new chief executive officer.
Financials: GitLab reported earnings of 23 cents per share in the past quarter and revenue of $196 million; both were better than expected.
Final Thoughts: The company also welcomed Bill Staples as CEO on Thursday. GitLab was up about 10% this year.
Trends to Watch
That Was Quick: Bitcoin sudden drop to $93K wipes out $303M of longs within minutes (Cointelegraph)
New Era: Victoria’s Secret Losses Narrow as Hillary Super Takes the Helm (Women’s Wear Daily)
Crypto Lead: Trump says venture capitalist David Sacks will be AI and crypto ‘czar’ (CNBC)
Oil You Need: Oil prices dip as extended OPEC+ supply cuts highlight weak demand (Reuters)
Be Fearful: Wall Street isn’t worried about a stock-market crash. That’s why you should be. (MarketWatch)
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