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Mar 28, 2025
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Li Ning Company ADR gained 0.9% to $54.55 after the Chinese sportswear company reported increased sales in 2024.
Revenue jumped 3.9% to 28.67 billion yuan from 27.60 billion yuan, profit declined 5.5% to 3.01 billion yuan from 3.19 billion yuan, and diluted earnings per share dropped to 116.52 yuan from 122.66 yuan a year ago.
“In terms of marketing, LI-NING YOUNG carefully planned a series of offline youth activities and cross-border collaborations, focusing on popular sports including basketball, football, running, and outdoor activities to showcase the brand’s diverse appeal,” the company said in a release to investors.
The company paid an interim dividend of 37.75 cents per share for 2024, compared to 36.20 cents per share in 2023.
The company proposed a final dividend of 20.73 cents per share, compared to 18.54 cents per share in 2023, payable on June 27 to shareholders on record as of June 19.
After the final dividend, Li Ning paid a total of 1.51 billion yuan, up from 1.43 billion yuan a year earlier. -
Lululemon Athletica Inc. plunged 12.1% to $301.03, and the sports apparel retailer's results surpassed market expectations, but a weak outlook and tariff worries overshadowed the results.
Revenue increased to $3.6 billion from $3.2 billion a year ago, net income jumped to $748.4 million from $669.45 million, and diluted earnings per share rose to $6.14 from $5.29 a year ago.
Improved results were driven by higher net revenue in all company segments: Americas, China, and the rest of the world.
Global comparable sales increased 3%, or 4% on a constant dollar basis.
Sales in the Americas region increased 7%, or 8% on a constant dollar basis, with comparable sales remaining flat in the quarter.
Sales in China surged 46%, or 48% on a constant dollar basis, with comparable sales advancing 26%, or 27% on a constant dollar basis.
Lululemon guided for fiscal 2025 revenue to be between $11.15 billion and $11.30 billion, or growth of only 5% to 7%, compared to $10.59 billion in 2024.
Diluted earnings per share are expected to be between $14.95 and $15.15 per share for the year, compared to $14.64 per share in 2024.
For the first quarter of 2025, the company estimated net revenue to be between $2.33 billion and $2.35 billion, or growth of 6% to 7%, compared to $2.21 billion a year ago, and diluted earnings per share between $2.53 and $2.58, compared to $2.54 in the same quarter a year ago.
China's net revenue was $425.0 million, or 12% of total revenue, compared to $290.7 million, or 9% of total revenue, in the fourth quarter of 2023.
Lululemon opened 13 new stores in China during the quarter, three net new stores in the Americas, and two new stores in its rest of the world segment.
Total company-operated stores at the end of the quarter increased to 747, compared to 711 for the same period in 2023.
During the quarter, the company repurchased 0.9 million shares for $332.2 million. -
Carparts.com Inc. traded flat at $1.00 after the car parts and repair services provider reported lower sales in 2024.
Net sales dropped to $588.85 million from $675.73 million, net loss widened to $40.60 million from $8.22 million, and diluted loss per share increased to 71 cents from a loss of 15 cents a year ago.
In the fourth quarter, net sales declined to $133.5 million from $156.4 million, net loss widened to $15.4 million from $6.1 million, and diluted loss per share increased to 27 cents from a loss of 11 cents a year ago. -
Dollar Tree Inc. eased 0.30% to $69.00 after the deep discount store retailer reported results for the fiscal fourth quarter of 2024 ending in February.
Revenue edged up to $4.99 billion from $4.96 billion, net loss widened to $3.69 billion from a loss of $1.71 billion, and diluted loss per share increased to $17.17 from a loss of $7.83 a year ago.
Same-store net sales in the quarter advanced 2% on 0.7% traffic and 1.3% ticket.
The company agreed to sell its Family Dollar business to Brigade and Macellum for $1.01 billion.
The discount retailer guided for the first quarter of 2025 net sales to be between $4.5 billion and $4.6 billion, compared to $7.63 billion in 2024, and adjusted earnings per share from continuing operations between $1.10 and $1.25, compared to $1.38 a year ago.
For the full year, Dollar Tree estimated net sales to be between $18.5 billion and $19.1 billion, compared to $17.58 billion in 2024, and adjusted earnings per share from continuing operations between $5.00 and $5.50, compared to $4.83 in 2024.
Comparable store net sales are expected to grow in the range of 3% to 5% both in the first quarter and the full year 2025. -
Chewy Inc. dropped 0.7% to $33.0 after the online pet food retailer reported increased sales in the fiscal fourth quarter of 2024 ending in February.
Net sales increased to $3.25 billion from $2.82 billion, net income declined to $22.79 million from $31.89 million, and diluted earnings per share fell to 5 cents from 7 cents a year ago.
For the full year, net sales edged up to $11.86 billion from $11.15 billion, net income surged to $392.74 million from $39.58 million, and diluted earnings per share increased to 91 cents from 9 cents a year ago. -
BYD Electronic International Co. Ltd. gained 2.6% to $6.20 after the Hong Kong-based automotive electronics company reported higher revenue in 2024.
Operating revenue jumped to 777.10 billion yuan from 602.31 billion yuan, net profit edged up to 41.59 billion yuan from 31.34 billion yuan, and diluted earnings per share rose to 13.84 yuan from 10.32 yuan a year ago. -
Meituan surged 3.09% to $20.83 after the Hong Kong-based e-commerce platform operator reported increased revenue in 2024.
Revenue jumped to 337.59 billion yuan from 276.74 billion yuan, profit soared to 35.81 billion yuan from 13.85 billion yuan, and diluted earnings per share jumped to 5.66 yuan from 2.11 yuan a year ago. -
KB Home dropped 7.2% to $57.34 after the homebuilder missed earnings expectations for the fiscal first quarter of 2025.
Housing revenue declined 5% to $1.39 billion from $1.47 billion, net income edged down to $109.5 million from $138.7 million, and diluted earnings per share fell to $1.49 from $1.76 a year ago.
New orders edged down 17% to 2,772 from 3,323, and deliveries fell 9% to 2,770 from 3,037 a year ago.
The average selling price increased 4% to $500,700 from $480,100, and the backlog of homes decreased 23% to 4,436 from 5,796 a year earlier.
During the quarter, the company repurchased 753,939 shares at a total cost of $50.0 million, or $66.32 per share.
As of February 28, KB Home had $650.0 million remaining under its current stock repurchase authorization.
The home builder guided for the full year housing revenue to be between $6.60 billion and $7.00 billion, compared to $6.93 billion a year ago.
The average home selling price is estimated to be between $480,000 and $495,000, compared to $486,900 in 2024. -
Nike Inc. gained 0.1% to $68.00 after the sporting goods company reported results for the third quarter of fiscal 2025 ending in February.
Revenue declined to $11.27 billion from $12.43 billion, net income edged down to $794 million from $1.17 billion, and diluted earnings per share dropped to 54 cents from 77 cents a year ago.
Selling and administrative expense decreased 8% to $3.9 billion in the quarter.
The company proposed a dividend of 40 cents per share, compared to 37 cents a year earlier.
“Nike is consistently increasing returns to shareholders, including 23 consecutive years of increasing dividend payouts,” the company said in a release to investors.
In the third quarter, Nike returned approximately $1.1 billion to shareholders, including dividends of $594 million, up 6% from the prior year.
In addition, the company completed share repurchases of $499 million, reflecting 6.5 million shares retired as part of the company’s four-year, $18 billion program approved in June 2022.
As of February 28, a total of 119.3 million shares have been repurchased under the program for a total of approximately $11.8 billion. -
Accenture Plc. gained 1.5% to $305.32 after the consulting services company reported results for the second quarter of fiscal 2025 ending in February.
Revenue increased to $16.66 billion from $15.80 billion, net income jumped to $1.79 billion from $1.67 billion, and diluted earnings per share rose to $2.82 from $2.63 a year ago.
The company narrowed its full-year revenue growth forecast to 5% to 7%, and expects foreign exchange impact of approximately negative 0.5%.
The operating margin is seen between 15.6% and 15.7%, an expansion of 10 to 20 basis points over the adjusted operating margin.
Accenture estimated diluted earnings per share in 2025 to be between $12.55 and $12.79, compared to $11.57 a year ago.
During the second quarter, new bookings were $20.91 billion, down 3% in U.S. dollars and flat in local currency compared to the same quarter in 2024.
Consulting new bookings in the quarter were $10.47 billion and managed services new bookings were $10.44 billion.
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