Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

LULULEMON ATHLETICA INC.

(LULU)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

U.S. holiday sales endure supply chain, Omicron snags to hit $887 bln - NRF

01/14/2022 | 01:15pm EST
FILE PHOTO: Black Friday sales at Roosevelt Field shopping mall in Garden City, New York

Jan 14 (Reuters) - U.S. holiday sales in 2021 came in at a better-than-expected $886.7 billion, boosted by customers returning to stores and splurging more online, even as a jump in COVID-19 cases and supply chain issues threatened to upend the crucial shopping season.

The National Retail Federation (NRF) said holiday sales, including e-commerce, jumped 14.1% during November and December, exceeding its latest forecast of a rise of as much as 11.5%.

"Despite supply chain problems, rising inflation, labor shortages and the Omicron variant, retailers delivered a positive holiday experience to pandemic-fatigued consumers and their families," NRF Chief Executive Officer Matthew Shay said in a statement.

With higher wages, and better household savings from stimulus checks and reduced spending on outdoor activities, U.S shoppers opened up their wallets to everything from apparel and sporting goods to furniture and electronics.

E-commerce and non-store sales jumped 11.3% over the holiday season, NRF data showed.

The make-or-break shopping season was marked by pandemic-induced shipping delays and product shortages. Some retailers such as Walmart and Target re-rerouted goods to less congested ports and even chartered their own vessels for deliveries.

Retailers' efforts to stock up early on helped drive 2021 holiday sales "because even though Omicron impacted consumers' mobility in December, they had started shopping well before," RSM US analyst Mike Graziano said.

The Omicron-led surge in coronavirus cases at the end of the year led to a 2.7% decline in retail sales in December, which excludes automobile dealers, gas stations and restaurants, according to NRF data.

Some apparel retailers including Abercrombie & Fitch and Lululemon Athletica have already flagged dull holiday-quarter businesses, hit by Omicron-driven staffing shortages and a decline in store traffic.

Even though inflation and COVID-19 did not dampen holiday sales last year, the NRF said retailers should be prepared for challenges in the coming months due to pandemic-led uncertainty.

(Reporting by Deborah Sophia in Bengaluru; Editing by Ramakrishnan M.)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. -1.65% 3125.98 Delayed Quote.-6.25%
LULULEMON ATHLETICA INC. -0.48% 330.95 Delayed Quote.-15.46%
ON SEMICONDUCTOR CORPORATION -6.38% 59.01 Delayed Quote.-13.12%
WALMART INC. 1.00% 143.94 Delayed Quote.-0.52%
All news about LULULEMON ATHLETICA INC.
01/14U.S. holiday sales endure supply chain, Omicron snags to hit $887 bln - NRF
RE
01/13Barclays Adjusts lululemon athletica's Price Target to $461 from $515, Keeps Overweight..
MT
01/12Cowen & Co Adjusts lululemon athletica Price Target to $491 From $523, Maintains Outper..
MT
01/11Omicron surge puts the brakes on recovery of U.S. companies
RE
01/11JPMorgan Adjusts Price Target for lululemon athletica to $450 From $518, Maintains Over..
MT
01/11Telsey Advisory Adjusts Lululemon Athletica Price Target to $470 From $515, Maintains O..
MT
01/11Truist Securities Adjusts Lululemon Athletica's Price Target to $386 From $435, Reitera..
MT
01/11Deutsche Bank Adjusts Lululemon Athletica's Price Target to $453 From $484, Maintains B..
MT
01/11Omicron surge puts the brakes on recovery of U.S. companies
RE
01/11Morgan Stanley Cuts Price Target on Lululemon Athletica to $300 From $404, Citing Lower..
MT
More news
Analyst Recommendations on LULULEMON ATHLETICA INC.
More recommendations
Financials (USD)
Sales 2022 6 264 M - -
Net income 2022 963 M - -
Net cash 2022 1 180 M - -
P/E ratio 2022 44,5x
Yield 2022 -
Capitalization 42 790 M 42 790 M -
EV / Sales 2022 6,64x
EV / Sales 2023 5,67x
Nbr of Employees 25 000
Free-Float 88,7%
Chart LULULEMON ATHLETICA INC.
Duration : Period :
lululemon athletica Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends LULULEMON ATHLETICA INC.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 31
Last Close Price 330,95 $
Average target price 438,48 $
Spread / Average Target 32,5%
EPS Revisions
Managers and Directors
Calvin R. McDonald Chief Executive Officer & Director
Meghan Frank Chief Financial Officer
Glenn K. Murphy Non-Executive Chairman
Tom Waller Chief Science Officer & SVP-Advanced Innovation
Julie Averill Chief Technology Officer
Sector and Competitors
1st jan.Capi. (M$)
LULULEMON ATHLETICA INC.-15.46%42 790
LVMH MOËT HENNESSY LOUIS VUITTON SE-4.03%398 923
V.F. CORPORATION-3.84%27 656
LI NING COMPANY LIMITED-12.01%25 174
MONCLER S.P.A.-8.81%17 862
LEVI STRAUSS & CO.-11.51%8 905