Lululemon Athletica Executive - At The End Of Q3, Expect Inventory To Be Up In The High Single To Low Double Digits Versus Last Year - Conf. Call
Portfolio Pulse from Benzinga Newsdesk
Lululemon Athletica's executive has announced during a conference call that they expect the company's inventory to increase in the high single to low double digits compared to last year by the end of Q3.
August 31, 2023 | 9:14 pm
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NEUTRAL IMPACT
Lululemon Athletica expects an increase in inventory by the end of Q3, which could indicate a potential increase in sales or a slowdown in demand.
An increase in inventory could mean two things: either the company is expecting an increase in sales, or it is experiencing a slowdown in demand. If it's the former, this could be positive for the stock. If it's the latter, it could put downward pressure on the stock. Without additional information, the impact on the stock is neutral.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100