Lululemon shares plunge 18% on weak guidance, slowing North America growth
Publishing timestamp: 2024-03-22 11:47:19
Summary
Lululemon's holiday earnings beat expectations, but growth in North America is slowing down due to tough comparisons and soft demand. Shares plunged 18% after weak guidance and soft sales in the U.S. International sales are strong, but the company is facing increased competition. CEO remains optimistic about growth trajectory despite challenges.
Sentiment: NEGATIVE
Keywords: breaking news: business, dividends, earnings, united states, breaking news: earnings, retail industry, lululemon athletica inc, business, s&p 500 index, business news,
Source: https://www.cnbc.com/2024/03/21/lululemon-lulu-earnings-q4-2023.html