Lululemon Athletica Inc. (LULU) reported a challenging quarter, with revenues in the Americas region down 8% year-over-year and comparable sales decreasing 12%, leading to a reduction in full-year guidance. Additionally, analysts have downgraded earnings expectations, resulting in a Zacks Rank #5 (Strong Sell) due to persistently weak performance.
NIKE Earnings Outlook
NIKE Inc. (NKE) faces significant challenges with sluggish sales and lost shelf space amidst shifting consumer preferences. The company will release its next earnings report in early October, with consensus estimates indicating a 10% decrease in earnings and 2% decline in sales from the previous period.
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