Activist Elliott loads up on lululemon
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 18 December 2025
⏱️ 5 minutes
🧾️ Download transcript
Summary
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:07.6 | Good morning. Today is Thursday, December 18th. I'm Julie Morgan. |
| 0:13.2 | Elliot's investment management is reportedly now one of Lulu Lemon's largest shareholders. |
| 0:18.9 | Micron is surging, and a new suitor has reportedly entered the |
| 0:23.0 | mix for Warner Brothers Discovery. |
| 0:26.4 | Elliott's investment management has taken a stake in Lulu Lemon Athletica. The activist |
| 0:31.9 | investor has bagged a stake exceeding $1 billion, positioning it as one of the company's largest shareholders. |
| 0:39.3 | The Wall Street Journal reported citing people familiar with the matter that Elliott is lining |
| 0:44.4 | up potential CEO candidates. The report said Elliott is pushing for leadership changes, |
| 0:50.3 | including proposing Jane Nielsen, a former CFO and C.O. and C.O. at Ralph Lauren as a potential new CEO. |
| 0:57.5 | Nilsson said in a statement to the journal that she would welcome the chance to discuss this opportunity with the Lulu Lemon Board. |
| 1:04.6 | This move follows the current CEO's planned exit in January of next year. Amid criticism over product execution, market share |
| 1:13.8 | losses to rivals like Allo Yoga, and a 60% drop in share price from its peak. Lulu limits market |
| 1:21.4 | value stands around $25 billion. Pre-market Lulu is up more than 5%. Micron technology is up 10% in |
| 1:31.5 | pre-market action. Shares rose after the memory maker reported fiscal first quarter results |
| 1:37.1 | and guidance that were well above Wall Street's forecast. Looking ahead to the second quarter, |
| 1:43.2 | Micron said it expects to earn between $8.22 |
| 1:46.5 | and $8.62 per share on an adjusted basis, while revenue is expected to be between $18.3 and $19.1 billion. |
| 1:57.5 | Analysts had expected the company to earn an adjusted $4.78 per share on $14.3 billion in revenue. |
| 2:05.8 | The company also forecast a $100 billion HBM market by 2008, as supply tightness persists through |
| 2:13.6 | 2026. The founder of Standard General has been in talks over potentially buying or investing in Warner |
| 2:21.2 | Brothers Discovery's television networks. The Financial Times reported citing people briefed on the matter |
... |
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