Strip out the $0.86 per share IEEPA tariff refund and the 63% earnings beat mostly disappears, while revenue missed expectations and comparable sales fell 9% globally. Management cut full-year revenue guidance to $10.35 billion to $10.50 billion, a 5% to 7% decline, with Q3 guided to a further 10% to 11% drop. Incoming CEO Heidi O'Neill starts next week into that.
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LULU Coverage
Nike’s Contrarian Strategy: Cut Volume, Restore Prestige
Nike is deliberately shrinking itself, slashing sales of its most iconic products and retreating from entire markets. Whether that painful gamble rebuilds the brand or just accelerates the decline is the question…
Nike Sinks 8% as Weak Outlook and Layoffs Follow Revenue Miss; Lululemon and On Holding Remain Flat
Nike (NYSE:NKE | NKE Price Prediction) is taking a company-specific hit to its turnaround story, while the rest of athletic apparel holds largely steady. Shares of Nike are down 8% to $32.34…
Will Nike Ever Stop Falling? One Analyst is Sure That Buying Now Will Yield 100% Gains
Nike just slipped below its 52-week low while the broader market climbs, but one analyst sees a path to gains that would leave the rest of Wall Street stunned. The question is…
On Holding Surges 13% as Investor Day Sets Ambitious Sales Target and $1B Buyback; Nike Ticks Up 2%
On Holding (NYSE:ONON | ONON Price Prediction) unveiled its first-ever buyback and a set of mid-term sales and margin targets at its 2026 Investor Day in Zurich, and the stock is rerating…
On Holding Climbs 5% as Kylian Mbappé Joins Its Football Push; Nike Slips
On Holding (NYSE:ONON | ONON Price Prediction) shares are climbing Friday morning after reports that French soccer star Kylian Mbappé is joining the Swiss brand’s push into football, taking it into cleats…
Nike Is No Longer a Growth Story. Is It a Dividend Story Yet?
Nike's stock has shed nearly half its value in a year, and suddenly the swoosh is flashing a yield income investors cannot ignore. But a fat dividend built on a collapsing share…
Lululemon Just Dropped 18% in a Month. Is It Time to Sell?
Lululemon Athletica (NASDAQ:LULU | LULU Price Prediction) stock is under sustained pressure after a September earnings update that lowered management’s outlook for the year. Retail broadly softened alongside it, and the broad…
Jim Cramer: Lululemon Is a “Thoroughly Broken Stock. I Can’t Give You a Good Reason to Buy It”
Jim Cramer delivered a blunt verdict for Lululemon (NASDAQ:LULU | LULU Price Prediction) on his September 10 Mad Money segment, saying: “In less than three years, Lululemon has gone from one of the greatest growth stories…
Nike Is Now Down 40% This Year. Is NKE Stock Dead Money or Due for a Bounce?
Nike shares have shed nearly half their value this year, yet the chart hides a detail that reframes whether this is a company in crisis or a category caught in a broader…
Cramer Says “I Can’t Give You a Good Reason to Buy Lululemon” After Michael Burry Calls the Company “A Fat Pitch” Below $100
Michael Burry read the 10-Q, the conference call, and the 8-K on Lululemon and came away calling it a generational buying opportunity. Six days later, Jim Cramer looked at the same quarter…
Lululemon Plunges 20%, Trades at Lowest Level in 8 Years
Lululemon shares cratered to an eight-year low after the company gutted its full-year outlook, and with a brand new CEO stepping in next week and leggings sales in freefall, the question is…
Big Short Billionaire Goes Long: Michael Burry Avoids AI, Bets on Beaten own Stocks Instead
While Wall Street piles into AI darlings, Michael Burry is quietly loading up on call options in three stocks the market left for dead, and his biggest bets carry a very specific…
Nike Is In Free Fall: This Wall Street Ratings Agency Says It’s Doubling Soon
Nike has shed nearly half its value in a year, but one Wall Street analyst sees a path to almost doubling from here while the rest of the Street stays cautious. The…
Nike Has Tumbled 38% in 2026: Is It Time to Switch to Dick’s or Lululemon?
Nike, Dick's Sporting Goods, and Lululemon are all deep in the red while the broader retail sector climbs, and the divergence within athletic goods raises a harder question than which stock to…
Lululemon Sinks 20% After Second Guidance Cut: Michael Burry Calls It a Fat Pitch Below $100
Lululemon just cut guidance for the second time this year and the stock cratered below $100, but at least one famous contrarian investor sees a generational buying opportunity in the wreckage while…