Stifel Sees Challenges at Gap (GPS) Continuing Amid Light August Comps; Affirms at 'Hold'
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Lululemon same-store sales fall short, sending shares lower
September 1, 2016 4:53 PM EDTTORONTO (Reuters) - Canadian yoga wear retailer Lululemon Athletica Inc (NASDAQ: LULU) reported comparable sales growth that fell short of analyst estimates, sending shares down nearly 9 percent on Thursday even as earnings were in line with expectations.
Second-quarter sales online and at stores open at least a year rose 5 percent, excluding exchange rate fluctuations. Analysts polled by research firm Consensus Metrix had expected a 5.9 percent increase.
Baird Equity Research analyst Mark Altschwager said the comparable sales miss would likely "fuel investor anxiety" given high expectations and the strong performance of Lululemon's... More
Gap, Inc. (GPS) Reports 3% Drop in Comps for August 2016
September 1, 2016 4:16 PM EDTGap Inc. (NYSE: GPS) reported that net sales for the four-week period ended August 27, 2016 decreased 2 percent to $1.17 billion compared with net... More
Stocks with Implied Volatility Movement
September 1, 2016 5:21 AM EDTGap, Inc. (NYSE: GPS) implied volatility has had increased movement
... More