Retail's early holiday 2025 results show modest growth
CNBC••general
Key Points:
- Early holiday results from several retailers indicate a solid but unspectacular shopping season, with Lululemon expecting its fiscal fourth quarter revenue and earnings near the high end of previous guidance.
- Abercrombie & Fitch cut the high end of its sales and earnings guidance despite record quarter-to-date sales, while Birkenstock and Savers Value Village reported modest growth but failed to impress investors.
- American Eagle and Five Below outperformed expectations, raising their guidance due to strong comparable sales growth, particularly at American Eagle's Aerie brand and Five Below's broad-based customer appeal.
- Lululemon continues to use discounts more liberally to clear inventory, impacting margins, while other higher-end brands remain cautious amid mixed consumer demand trends.
