Lululemon Athletica CFO Says "We Are Still Really Early In Our Growth Trajectory In China, Which I Think Helps Us If There Are Any Near-Term Headwinds There"
Portfolio Pulse from Benzinga Newsdesk
Lululemon Athletica's CFO stated at the Goldman Sachs Conference that the company is still in the early stages of its growth trajectory in China, which could help it weather any near-term headwinds.
September 12, 2023 | 1:12 pm
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NEUTRAL IMPACT
Lululemon's comments about its growth in China could indirectly impact the iShares China Large-Cap ETF (FXI), as it reflects the performance of large-cap Chinese companies.
While Lululemon's comments about its growth in China could indirectly impact the iShares China Large-Cap ETF (FXI), the connection is somewhat tenuous as FXI reflects the performance of a broad range of large-cap Chinese companies, not just Lululemon. Therefore, the impact on FXI is likely to be neutral.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Lululemon's CFO's comments suggest confidence in the company's growth potential in China, which could positively impact investor sentiment.
The CFO's comments indicate that Lululemon is optimistic about its growth prospects in China, despite potential near-term challenges. This could boost investor confidence in the company's ability to navigate these challenges and continue its growth trajectory, potentially leading to a positive impact on its stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100