Lululemon shares sink on disappointing outlook, slowdown in U.S. business
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
lululemon athletica Inc. (LULU) Stock Price
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