Khakis < stretchy chinos… As workers return to offices, they’re keeping their clothes casual. That benefits legging legend Lululemon, which has been expanding its work-leisure offerings for years. Lulu thrived in the pandemic as loungewear became the norm everywhere. The good times stretched on in the September quarter as Lulu’s sales and profits beat expectations (again). Lulu also boosted its outlook in September, but we’ll see whether shoppers are still splurging on lavishly priced Lulu fits when it reports Thursday.
Tomato bisque FTW... While the market has tanked, Campbell Soup stock is up 25% this year. The 153-year-old canned-soup icon has been on a pandemic streak ever since people started hoarding its pantry staples (snacks like Goldfish and Snyder’s make up over half its sales). In Campbell’s last reported quarter, sales were up 6% — impressive considering its soup sales had fallen for eight of the nine years up to 2020. Big food companies like Kellogg, Pepsi, and Kraft have also outperformed. We’ll see if Campbell’s soup is still hot when it reports Wednesday.