Lululemon shares fall as retailer gives tepid holiday outlook despite strong start to shopping season
Publishing timestamp: 2023-12-08 09:51:23
Summary
Lululemon reported sales growth in North America and internationally in the third quarter, beating Wall Street's expectations. However, the company's holiday guidance fell short of estimates, causing its shares to fall in extended trading. Lululemon expects sales and earnings to be lower than analysts' expectations for the fourth quarter. The company incurred impairment charges related to its acquisition of Mirror and has entered a partnership with Peloton.
Sentiment: NEUTRAL
Keywords: dividends, retail industry, breaking news: earnings, business news, earnings, breaking news: business, peloton interactive inc, lululemon athletica inc, business,
Source: https://www.cnbc.com/2023/12/07/lululemon-lulu-earnings-q3-2023.html