Investors cheered as Lulu Lemons beat earnings and revenue expectations. However, it did write down its mirror acquisition to about one tenth of the original purchase price. The goal of the acquisition is to make Lulu more of an experiential brand expand its digital and interactive capabilities.
There are no style points in investing, and big brands continue to dominate teen spending habits.
(00:21) Dylan Lewis and Nick Sciple discuss: - Piper Sandler’s Generation Z survey about brands and spending. - Tailwinds for Ulta Beauty, Spotify, and Nike. - Investing in resale companies. - How the competitive landscape shifted for upstart brands.
(10:52) Ricky Mulvey and Sanmeet Deo look at two health trends for investors to watch. Companies discussed: NKE, SPOT, LULU, ULTA, WINA, TSX: ATZ, LTH, XPOF Host: Dylan Lewis Guests: Nick Sciple, Sanmeet Deo Producer: Ricky Mulvey Engineer: Dan Boyd
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