IMMEDIATE CALL POSTMORTEMS

The first take, while it still matters.

After earnings, most sell-side research takes a day or more to publish, and much of it repeats the press release. An Immediate Call Postmortem is our unfiltered first read: posted on X within minutes of the call ending, then archived here and on Substack. It’s free, it’s short, and it focuses on what actually changed. We only write one when a call gives us something worth saying, and a much more thoughtful Upon Further Review report tends to follow within 3–5 business days.

Why speed matters: read Confessions of a Sell-Side Analyst →

Matthew McClintock 9/3/26 Matthew McClintock 9/3/26

Lululemon: 2Q26 Immediate Call Postmortem

Setting Heidi up to win is one thing. And boy did Meghan and Andre say many things that made it sound like the wheels have fallen off the bus.

Matthew McClintock 3/17/26 Matthew McClintock 3/17/26

Lululemon 4Q25 Immediate Call Postmortem

Is Lululemon’s BOD trying to send a message to Chip Wilson that a different “Chip” is the better answer? Almost certainly not the same quality level of at least one of Chip Wilson’s candidates in Marc Maurer.

Matthew McClintock 12/11/25 Matthew McClintock 12/11/25

Lululemon 3Q25 Immediate Call Postmortem

Calvin stepping down is what everyone wanted well now you have it. As much as people love hating on him, he did oversee a massive period of growth (tripled revenue) into an approximate tie with Nike for world largest athletic apparel brand.

Matthew McClintock 9/4/25 Matthew McClintock 9/4/25

Lululemon 2Q25 Immediate Call Postmortem

Down 4% Americas comp despite massive discounting in July is disappointing but we kinda already knew the entire athletic apparel industry is facing issues (that includes signs at FinX favorites Alo and Vuori BTW).