Lululemon shares pop 10% despite lackluster earnings report and guidance
Publishing timestamp: 2024-06-05 18:06:34
Summary
Lululemon beat earnings and revenue estimates but issued weak guidance for the second quarter due to a slowdown in its largest market, the Americas. The company's stock jumped 10% in extended trading, but growth in the Americas is stalling. CEO Calvin McDonald highlighted international growth and the need for improvement in the Americas. Despite challenges, Lululemon remains confident in its ability to deliver growth.
Sentiment: MIXED
Tickers: LULU,
Keywords: breaking news: business, lululemon athletica inc, business news, earnings, breaking news: earnings, business, retail industry,
Source: https://www.cnbc.com/2024/06/05/lululemon-lulu-earnings-q1-2024.html