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Lululemon ($LULU) reports a double beat in Q4 but issues weak guidance for FY'24, causing shares to plummet by 10-17%. The CEO mentions a shift in U.S. consumer behavior affecting sales. Nike ($NKE) also faces a downturn after lackluster outlook and slowing China sales.
Nike, Lululemon shares sink as gloomy forecasts alarm analysts https://t.co/bbisLYrjRo https://t.co/wbXs6Mdg5Y
$LULU $359 to $388 would be a good entry This is still the stronger of $NKE $SHOO $BIRK $UA and $BIRD https://t.co/jEepg4ydHI
A little light on q1 and lulu takes it on the chin. Good opportunity as this is a great company that just put up very good numbers and with a rapidly growing international business. $LULU