Lululemon Stock Slides After Omicron-Linked Warning To Q4 Profits

Published by
The Street

By Martin Baccardax Lululemon said staff shortages and reduced store hours would likely drag fourth quarter profits to the lower end of its previously-published guidance. Lululemon Athletica (LULU) – Get Lululemon Athletica Inc Report shares slumped lower Monday after the athletic and leisure apparel group cautioned that its fourth quarter earnings would likely be hit by staff shortages and reduced store hours linked to the global surge in Omicron infections. Vancouver-based Lululemon said fourth quarter revenues would likely come in at the lower end of its $2.15 billion to $2.165 billion fore…

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *