Lululemon Stock Flops After Nike News. Why It Could Be a Great Time to Buy
LULUlululemon(LULU) The Motley Fool·2024-08-03 05:15

Nike's problems might not affect Lululemon as much as the market thinks.Nike (NYSE: NKE) reports quarterly earnings on a different schedule than most public companies, and its updates often give the market a sense of what's happening in retail before they get other earnings announcements. Because Nike plays such a strong role on the retail scene, its performance can be a harbinger of what's to come. For example, at the end of 2021, it was Nike that gave some of the earliest indications of the supply chain c ...