Lululemon Athletica Inc. cut its full-year outlook Thursday as its CEO admitted the company has grappled with some 'missed opportunities' in its womenswear business.
Lululemon Athletica Inc. cut its full-year outlook Thursday as its CEO admitted the company has grappled with some"missed opportunities" in its womenswear business.
The reduced level of newness was most pronounced in the company's range of bottoms, but its digital operations had hiccups, too. Despite the challenges, Lululemon's second-quarter net income increased to US$392.9 million from US$341.6 million a year prior. During the quarter, the company began to enter the spotlight as it prepared to outfit Team Canada at the Olympic Games in Paris, but it also had a stumble.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lululemon posts mixed Q2 results, slashes full-year outlookLululemon Athletica (LULU) reported mixed second quarter results. The athletic apparel retailer reported earnings of $3.15 per share, which was higher than...
Read more »
Lululemon earnings: Upside in China is very high, analyst saysLululemon Athletica (LULU) posted mixed Q2 results after the market close on Thursday. The company also slashed its full-year guidance. The stock was trading...
Read more »
Lululemon cuts annual forecasts on tepid U.S. demand, rising competitionCompany has seen a slow start to 2024 as sales moderate after years of strong growth as persistent inflation led to selective spending by shoppers
Read more »
Lululemon sees US$392.9M in net income in Q2, net revenue also upVANCOUVER — Lululemon Athletic Inc. says its net income reached US$392.9 million in its second quarter as net revenue climbed.
Read more »
Athlesiure wear maker Lululemon cuts annual sales forecasts as demand slowsLululemon has seen a slower start to 2024 as sales moderate after years of strong growth, with persistent inflation prompting selective spending by shoppers....
Read more »
Lululemon can be a global leader in fitness apparel: AnalystShares of Lululemon (LULU) are rising on Thursday before the company releases its second quarter earnings report after the closing bell. As consumers have...
Read more »