Lululemon Athletica Inc. reported disappointing earnings results, causing its shares to drop after hours on Thursday. The company’s full-year profit outlook was lower than expected, with a forecast of $14.58 to $14.78 per share compared to March’s prediction of $14.95 to $15.15. Despite this, Lululemon maintained its sales outlook for the period.
The focus on same-store sales in North America and executives’ comments on tariffs was expected to be the main topic before the results, but investors were instead focused on the company’s earnings forecast. The move has raised concerns about Lululemon’s ability to meet expectations and maintain its position in the market.
Source: https://www.marketwatch.com/story/lululemons-shares-sink-on-forecast-but-it-says-it-plans-to-play-offense-2c8a02ac