#PlaybyPlay #Podcast: Lululemon (NasdaqGS: $LULU) Partnership with Peloton (NasdaqGS: $PTON) and NIKE (NYSE: $NKE) Reports Q1 Financial Results
Europe 4-0 in #RyderCup, and Russia and Belarus Cleared to Compete in
2024 #Paralympics in Paris
September 29, 2023 Investorideas.com, a global investor news source issues today’s edition of Play
by Play covering what’s new in sports and esports headlines plus recent
news from publicly traded companies.
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Lululemon Athletica Inc. (NasdaqGS:LULU) has announced a five-year strategic global partnership
with exercise equipment and media firm Peloton Interactive, Inc. (NasdaqGS:PTON) wherein the latter will become the
exclusive digital fitness content provider for lululemon, and lululemon will
become the primary athletic apparel partner to Peloton. Celeste Burgoyne,
President, Americas and Global Guest Innovation, lululemon, said:
"We’re excited to collaborate with Peloton to connect with our
highly engaged communities across North America and in markets around the
world. As a leader in technical athletic apparel, this partnership will create
a powerful product offering for Peloton Members and fans. Our two companies
share a vision to advance wellbeing through movement, and this partnership
ensures our lululemon Studio Members will have access to the most expansive and
dynamic offering of fitness content possible."
NIKE (NYSE:NKE) has reported its fiscal 2024 financial results for
its first quarter ended August 31, 2023. Revenues for the quarter totalled
$12.9 billion – $12.4 billion for the NIKE brand, and $588 million for the
Converse brand. The company’s Executive VP and Chief Financial Officer, Matthew
Friend, said:
"Our first-quarter results demonstrated the impact of staying on
the offense over the past fiscal year. With a healthy marketplace and another
quarter of brand and business momentum, we are strengthening our foundation for
sustainable, profitable, long-term growth."
Europe 4-0 in
Ryder Cup, and Russia and Belarus Cleared to Compete in 2024 Paralympics in
Paris
Europe swept four foursomes
(alternate-shot) matches, going 4-0 in this morning’s session for the first
time in Ryder Cup history, according to a report from ESPN. The biennial golf competition is being
held in Italy, where the Europeans are seeking to reclaim the trophy after
losing 19-9 at Whistling Straits in Wisconsin in 2021. Ireland's Shane Lowry
said:
"We are off to a great start this morning. We need to keep the
foot down. Look, we are very happy with our start today, and obviously there's
a lot of golf to be played from here. We talked about getting off to a fast
start, and we have done that."
The Associated
Press reports that
Russians and Belarusians will be allowed to compete as neutral athletes at the
2024 Paralympics in Paris after avoiding a full ban from the event following
the invasion of Ukraine. This follows a vote of 74-65 from the International
Paralympic Committee against suspending Russia’s membership entirely. According
to the report, athletes “from Russia and Belarus arrived at the Winter
Paralympics in Beijing in March 2022, about a week after Russian troops invaded
Ukraine. They were excluded a day before the opening ceremony.”
Sam Mowers, Investorideas.com
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