Lululemon Athletica's Q1 sales outlook below Wall Street expectations, causing shares to fall.
Lululemon Athletica has released Q1 sales outlook below Wall Street expectations, causing shares to fall. The company forecasts net revenue in fiscal year 2024 between $10.7 billion and $10.8 billion, representing growth of 11-12%, which is significantly below the 19% it posted the previous year. Analysts' average estimate is above the upper limit of the company's forecast. Lululemon's shares fell 9.5% in late New York trading.
March 21, 2024
9 Articles