Investors will be hoping there are no hiccups to sour the juicy global growth story when likely Black Friday winner Lululemon (LULU:NASDAQ) puts up third quarter results on 7 December.

Despite tougher economic conditions, the Canadian athleisure company, which sells clothing and footwear for yoga, running and training, continues to deliver robust growth, and its ambitious ‘Power of Three ×2’ strategic plan calls for a doubling of revenue from 2021's $6.25 billion to $12.5 billion by 2026.

Shares in the upmarket exercise-kit seller are up 33.5% year-to-date, boosted by their recent entry into the S&P 500. In August, Lululemon raised its full-year guidance alongside strong second-quarter results which showed an 11% hike in total comparable sales and 15% growth in D2C (direct-to-consumer) revenues.

Chief executive and endurance athlete Calvin McDonald said the results highlighted ‘the ongoing strength of the business amid a dynamic operating environment’, adding the company’s ‘continued ability to gain market share and bring new customers into the brand illustrates the significant runway ahead’.

The yoga pants purveyor, which recently announced a five-year strategic global partnership with fitness-machine maker Peloton Interactive (PTON:NASDAQ), expects to deliver third-quarter sales in the $2.165 billion to $2.19 billion range, representing growth of 17% to 18%, with diluted earnings per share forecast in the $2.23 to $2.28 range.

Bulls of the stock also see Lululemon as a potential beneficiary of weight-loss drugs, should their wider adoption drive a wardrobe replacement cycle.

US UPDATES OVER THE NEXT 7 DAYS

QUARTERLY RESULTS

1 December: Bank of Montreal, Marvell, National Bank of Canada, ChargePoint Holdings

4 December: Gitlab

5 December: AutoZone, Toll Brothers, Guidewire, Core Main, Descartes Systems, Healthequity, Asana, Signet Jewelers, Powell Industries, Couchbase, IDT

6 December: MongoDB, Brown Forman, Veeva Systems, Campbell Soup, Chewy, Thor Industries, SentinelOne, RH, United Natural Foods

7 December: Broadcom, Lululemon Atheletica, Dollar General, Cooper, Vail Resorts, Smartsheet, National Beverage, Hashicorp, Korn Ferry, Methode Electronics

‹ Previous2023-11-30Next ›