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On November 26th, Deutsche Bank analyst Sanjay Raja stated in a report that the UK budget appears better than expected, with the fiscal buffer doubling from £10 billion in March to just under £22 billion. He indicated that public borrowing is expected to continue its downward trend. Budgetary measures could lower inflation, thereby increasing the likelihood of a Bank of England interest rate cut. Raja noted, however, that the fiscal austerity measures may take effect later, raising some questions about their credibility.1. U.S. EIA gasoline inventories rose by the largest amount since the week ending November 26, 2025, in the week ending November 21. 2. U.S. EIA distillate fuel oil inventories rose by the largest amount since the week ending September 12, 2025, in the week ending November 21. 3. U.S. EIA strategic petroleum reserves reached their highest level since the week ending September 30, 2022, in the week ending November 21. 4. U.S. commercial crude oil imports, excluding strategic reserves, reached their highest level since the week ending September 19, 2025, in the week ending November 21.The EIAs implied demand for U.S. distillate fuel oil production for the week ending November 21 was 5.0331 million barrels per day, compared to 4.9746 million barrels per day in the previous week.The EIAs data for total U.S. gasoline production and implied demand for the week ending November 21 was 9.8144 million barrels per day, compared to 9.5011 million barrels per day in the previous week.The EIA crude oil production implied demand data for the week ending November 21 in the United States was 19.854 million barrels per day, compared with 20.273 million barrels per day in the previous week.

Due to increased demand for its fresh products, Lululemon raises its annual forecasts

Haiden Holmes

Sep 02, 2022 11:16

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As affluent clients purchase the company's new belt bags, golf, and tennis equipment, Lululemon Athletica Inc. raised its annual profit and revenue forecasts on Thursday, propelling its stock price 10% higher in extended trading.


Due to the money they saved during the lockdowns, consumers with higher earnings have mostly shrugged off the impacts of inflation in order to purchase non-essential products like clothing and handbags.


On the earnings call, Lululemon's CEO Calvin McDonald indicated that there has been no major shift in client purchasing habits.


In order to sustain its athleisure-driven sales growth and outperform competitors Athleta and Sweaty Betty, the company has introduced new styles, expanded into footwear categories, and introduced a men's line.


Analysts have also observed that discounts at Lululemon, which has a relatively new inventory, have climbed only marginally over the past few weeks, although its competitors have dropped prices dramatically to boost overall sales and get rid of out-of-style items.


McDonald remarked, "Lululemon remains predominantly a full-price business, and we do not intend to change our promotional cadence or markdown strategy."


In the coming weeks, Lululemon aims to release a variety of products, including footwear and bags, as Chinese manufacturers increase output in response to this year's easing of COVID-19 limitations.


Earnings and sales projections for 2022 have been increased beyond market estimates.


It increased its adjusted per-share earnings forecast from $9.35 to $9.50 to between $9.75 and $9.90, as well as its net sales projection from $7.61 billion to $7.71 billion to between $7.87 billion and $7.94 billion.


The second quarter net revenue climbed by 29% to $1.87 billion, above expectations of $1.77 billion.


The company's adjusted earnings per share of $2.20 beat forecasts of $1.87, according to Refinitiv data.

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