Lululemon, peers poised to post solid holiday sales - William Blair

Zumiez

05/01/2022 12:19

** William Blair analysts say Lululemon  LULU.O , Zumiez
 ZUMZ.O , Tilly's  TLYS.N , Under Armour  UAA.N  and Allbirds
 BIRD.O  could be poised to beat consensus estimates for their
holiday quarters on robust sales during the festive period
    ** Lululemon's strong sales momentum continued in Dec with
in-store post-holiday markdown levels similar to 2019, driven by
lower discounting in women's and men's clothing - analysts
    ** Brokerage also says Under Armour's sales for holiday
quarter will easily exceeded its implied guidance for a
low-single-digit increase despite supply-chain constraints
    ** Allbirds could beat high end of its holiday-quarter
implied guidance, boosted by strong demand for new launches,
including a limited edition "Fluff" collection, an Adidas
 ADSGn.DE  collaboration and patterned "Piper Mids" shoes -
William Blair
    
  Company     William     Average     Stock's
              Blair's      Street       2021
               rating      rating    performanc
                                         e
 Lululemon   Outperform     Buy         13%
   Under     Outperform     Buy         23%
  Armour                             
 Allbirds    Outperform     Buy          NA
  Zumiez     Outperform     Buy         31%
  Tilly's    Outperform     Buy         124%
 
 (Reporting by Praveen Paramasivam)
 ((Praveen.Paramasivam@thomsonreuters.com;))