BUZZ-PREVIEW: Lululemon dips ahead of results, due after the bell
LULU•Lululemon slips ahead of quarterly results
** Lululemon LULU.O shares were dipping 0.2% on Thursday, with the company seen posting lower revenue and EPS in its quarterly results, due after the bell.
** The stock was bucking broader stock market gains on Thursday, with the Nasdaq more than 1% higher in afternoon trading.
** The athletic apparel maker is expected to post a 3% drop in second-quarter revenue to $2.46 billion, with adjusted EPS seen at $1.79, down from $3.10 a year ago, per LSEG.
** Investors are likely to focus on the company's outlook amid signs of slowing consumer demand.
** The stock has sunk about 42% year to date, starkly underperforming the Nasdaq's .IXIC 14% rise.
** In June, LULU cut its annual profit forecast and projected second-quarter earnings well below Wall Street estimates.
** The company in August announced the departure of its chief AI & technology officer, a key role as it navigates a competitive retail landscape.
** Analyst recommendations on the stock include 29 "hold" ratings, one "buy" rating, one "strong buy" rating, and four "sell" ratings, according to LSEG.
