What’s going on? Lululemon (high-end athleisure brand) reported better-than-expected 2Q earnings of $1.5b, a 61% climb yoy. What does this mean? Lululemon’s ecommerce business unsurprisingly had a great run in 2Q. What’s astonishing is the return of bricks-and-mortar shopping, with Lululemon’s store sales almost returning to pre-pandemic levels. Lululemon’s on track to achieve its 2023 revenue target by the…
Tag: Lululemon
Ep 163: Peloton’s bitter results and the gym equipment market
What’s going on? Peloton (American exercise equipment and media company) reported worse-than-expected results, as the latest fitness fad once again ran out of puff. What does this mean? As gyms re-open in Q2, at-home exercise equipment became less attractive and Peloton’s revenue growth dropped dramatically. Along with an expensive treadmill recall, Peloton posted a bigger-than-expected loss….
with HT 