The athletic-apparel maker’s profit fell 38.1% in the first quarter, while the Chinese mainland remained its strongest growth market
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A Lululemon store inside a shopping mall in Shanghai. Photo: VCG.
Rival brands are expanding rapidly on the mainland just as Lululemon may be approaching saturation in its largest markets. Social…
The athleisure company now expects revenue to decline as much as 1% for the year, down from prior guidance of 2% to 4% growth
Lululemon is expecting its situation to get a lot worse before it gets better, as it issued weak guidance for the full year.
BTIG analyst downgraded Lululemon Athletica, citing a weakening sales outlook and rising competitive pressures.
Lululemon beat Wall Street expectations for fiscal first-quarter earnings, but cut its full-year earnings guidance, citing a…
Lululemon Athletica Inc (NASDAQ:LULU) reports financial results for the first quarter after the market close on Thursday.
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