>>20553028Short – Lululemon Athletica Inc. (LULU): Seeing several instances on TikTok and Instagram that the product is showing up in the off-price channel like a Marshalls or a TJ Maxx; not a good read; making the call that the leggings cycle has ended. Leggings business accounts for 45%+ of cash flow
FIGS, Inc. (FIGS) announced a new CFO today – was most recently at LULU; more signs of senior leadership departing LULU
LULU earnings: company beat EPS, but the rate of change in revenue looked really bad; margins didn’t look good; company bought back stock in the quarter, very sloppy stock buyback; company changed up its accounting this quarter
I think the stock is headed to 200$. So what do you retards think?