In Lululemon and Dollar General earnings, signs of a possible economic split

Lululemon, a higher-end athletic retailer, reported strong sales and revenue growth in the second quarter, while Dollar General, a discount store, lowered its sales and profit outlook due to weaker consumer spending and higher costs of living, reflecting diverging economic trends among different income classes in the post-pandemic economy.

cnn.com

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8/31/2023

Dollar General shares tumble after it cuts forecasts, blaming a spending slump and theft

Major retailer Dollar General has revised its sales and profit forecast downwards for the year due to factors such as weaker consumer spending on non-essential purchases, inflation, and increasing theft, indicating a pullback in shopping by American consumers.

8/31/2023

Lululemon sees sales and profit jump 18%, boosts full-year guidance

Lululemon raises its full-year guidance as it reports an 18% increase in sales and profit, surpassing Wall Street's expectations.

8/31/2023

Lululemon GAAP EPS of $2.68 beats by $0.14, revenue of $2.21B beats by $40M

Lululemon reported Q2 earnings that beat expectations, with a 14-cent increase in GAAP EPS and a revenue increase of 18.2% year over year, while also providing positive growth outlooks for Q3 and 2023.

8/31/2023

Lululemon Raises Guidance, Says Its Momentum Will Last

Lululemon Athletica reported a strong quarter and raised its guidance, leading to an increase in its stock price.

8/31/2023

Lululemon gets mixed reception as sales stay strong (NASDAQ:LULU)

Lululemon Athletica Inc. reported strong sales growth, beating expectations and outperforming its peers in the yoga wear market, with revenue expected to reach $2.165B to $2.190B for the third quarter and $9.51B to $9.57B for the year.