NKE - Nike And Lululemon's Near-Term Lackluster Outlooks Dimmed Their Earnings Beats | Benzinga
Like Lululemon Athletica (NASDAQ: LULU), Nike Inc (NYSE: NKE) topped its latest earnings expectations. But shares of both Lululemon and Nike tumbled on Friday. Despite the earnings beat with holiday sales also surpassed expectations, Nike’s outlook included a drop in sales during the first half of the 2025 fiscal year due to its product portfolio shift. To fight for market share with newer brands like Lululemon, Nike intends to replace older styles with trendier sneakers.
Lululemon continues to capture more market share from luxury retail consumers. But on Thursday, Lululemon also flagged a drop in annual revenue and profit due to waning demand mainly in the region. Therefore, Lululemon is also grappling with a demand slowdown and growth stagnation in North America ...