Lululemon shares sink on disappointing outlook, slowdown in U.S. business
4.8 (88) · $ 7.00 · In stock
Shares in Lululemon Athletica Inc. were down about 15 per cent in afternoon trading Fridayas investors reacted to lower revenue projections and a U.S. slowdown. The Vancouver-based athletic apparel retailer's fourth quarter, which ended Jan. 28, brought US$669.5 million in earnings, up from US$119.8 million a year earlier. However, the company estimates its fiscal 2024 revenue will range between US$10.70 billion and US$10.80 billion. Analysts on average had expected US$10.90 billion, financial m
Shares in Lululemon Athletica Inc. were down about 15 per cent in afternoon trading Fridayas investors reacted to lower revenue projections and a U.S
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