Nike and Lululemon Post Epic Retail Traffic Surges on Black Friday

December 6, 2023

Lululemon will report fiscal third-quarter results after the market closes on December 7 and Nike will report fiscal second-quarter results after the market closes on December 21.

Today, LULU shares are up 27x from its adjusted IPO price on July 1, 2007, while NKE shares are up 7.9x over the same period. Strong returns on both, especially if you roll in Nike’s dividends.

Placer.ai also entered the conversation about the two juggernauts this week, publishing new data that assesses retail traffic performance over the most recent quarter and how the two athleisure leaders have experienced the kickoff of the holiday season. SGB Media