Diamonds and Dogs
Lululemon (LULU) stretches higher. The athletic apparel maker is up 11% following strong earnings and guidance. This follows a similar call from rival Nike indicating that the consumer is doing well. Lululemon is also entering the shoe business with a line called, Blissfeel.
RH (RH) lower following earnings. The home furnishing company, formerly named as Restoration Hardware is down 12% even though they beat earnings estimates as sales rose 11% to $902.74 million. The company issued downside guidance due to softening demand with the start of the war. Coincidently, mortgage rates have skyrocketed which could hurt home sales going forward.
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