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#PlaybyPlay Podcast: Lululemon (NasdaqGS: $LULU) Posts Q1 Financial Results, and MarineMax (NYSE: $HZO) Acquires C&C Boat Works

Nuggets Beat the Heat in Game 1 of NBA Finals, and No. 3-Seeded Jessica Pegula Loses at French Open

Play by Play - the latest sports headlines and sports stock news


Vancouver, Kelowna and Delta, BC - June 2, 2023 ( Newswire), 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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#PlaybyPlay Podcast: Lululemon (NasdaqGS: $LULU) Posts Q1 Financial Results, and MarineMax (NYSE: $HZO) Acquires C&C Boat Works


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Lululemon Athletica Inc. (NasdaqGS:LULU) has announced its financial results for the first quarter of fiscal 2023. Highlights include a net revenue of $2 billion USD, a total comparable sales increase of 14 percent, and the opening of seven net new company-operated stores during the first quarter, ending with 662 stores. Meghan Frank, the company's CFO, said:

"Our Q1 results were strong as guests responded well to our product offering in all our markets across the globe. A meaningful acceleration in our China sales trend, coupled with lower air freight, contributed to our better than planned financial performance. We are pleased with our momentum heading into the second quarter and for the full year as reflected in our revised outlook for FY23."

MarineMax, Inc. (NYSE:HZO) has announced the acquisition of C&C Boat Works, a full-service boat dealer in Crosslake, Minnesota, thereby expanding MarineMax's footprint in Minnesota to five locations. Brett McGill, MarineMax's President and CEO, commented:

"This is a business we have known for many years, one that shares our team-focused culture and dedication to service excellence. The addition of C&C Boat Works, which follows our 2021 acquisition of Nisswa Marine, enhances our ability to serve customers and realize further efficiencies across our operations in the region. With an annual economic impact of $6.9 billion, recreational boating is important to Minnesota and a prime passion for its residents. We are thrilled to expand our presence there."

Nuggets Beat the Heat in Game 1 of NBA Finals, and No. 3-Seeded Jessica Pegula Loses at French Open

ESPN reports that the Denver Nuggets defeated the Miami Heat 104-93 in the opening game of the NBA Finals. Notably, Denver center Nikola Jokic made his NBA Finals debut with a triple-double, finishing with 27 points, 14 assists and 10 rebounds. Jokic is only the second player in league history to score a triple-double in his NBA Finals debut, following Jason Kidd in 2002 vs the LA Lakers. Nuggets point guard Jamal Murray said:

"We just want to win a championship. I think it's just fluent, beautiful basketball. The ball is hopping, and we're just playing off each other. You can have a great game with only five shots until the fourth."

Jokic's fellow Serbian tennis superstar Novak Djokovic takes the court against Spanish player Alejandro Davidovich Fokina at the French Open today. The Associated Press reports that elsewhere at the tournament Jessica Pegula, the No. 3-seeded American player, has lost 6-1, 6-3 to Belgian Elise Mertens in the third round today. Pegula commented:

"I feel like I was still playing good points. Elise was just being really tough, not making a lot of errors and making me play every single ball. And with the windy conditions, I felt like it definitely played into her game."

Sam Mowers,

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We publish breaking stock news, stock research, guest posts and create original top rated investing podcasts, plus sector tag articles featuring up and coming companies and industry leaders. Investor Idea's original branded content includes the Crypto Corner Podcast, Play by Play Sports Podcast, Cannabis News and Stocks on the Move Podcast, Cleantech and Climate Change Podcast, Exploring Mining Podcast, Betting on Gaming Stocks Podcast and the AI Eye Podcast. We also create free investor stock directories for AI and tech, biotech, cannabis, cleantech, crypto, defense, gaming, health and wellness, mining, oil and gas, sports and water.

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