27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Credit Suisse issued comments Friday regarding Lululemon Athletica inc. (NASDAQ:LULU)’s first-quarter earnings call, scheduled for June 1 at 5 p.m.
“We are concerned that recent weakness will not abate this quarter given evidence that markdown activity and SKU intensity continue to increase,” said analyst Christian Buss in a note.
Credit Suisse rates Lululemon Neutral with a price target of $56.
3 Things To Listen For
- The challenging and promotional retail environment Lululemon found itself in is unlikely to be offset by tailwinds from exposure to the athletic category. Buss predicts same-store sales will be down 1.5 percent in Q1, with negative comps continuing until Q3.
- Gross margin benefits from last year’s supply chain restructuring continue, but at a reduced pace compared the second half of fiscal 2016. The analyst models for 50 basis points year-over-year improvement to 48.7 percent of sales.
- “We have pushed out our leverage assumption for lululemon into FY18 as the company still expects occupancy costs, partially due to accelerated international store openings, to weigh on the FY17 SG&A rate,” said Buss. They model for 150 basis points deleverage in Q1.
Minutes before the closing bell Friday, shares of Lululemon were down 0.97 percent at $48.22.
Related Links:Lululemon Higher After Report Citing Potential Private Equity Interest
Lululemon's Website Down For Roughly 24 Hours27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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