Lululemon cuts FY and Q3 revenue outlook as shares slump
lululemon athletica Inc. slashed its FY and Q3 revenue outlook, with shares moving to an eight-year low. Broad analyst price-target cuts followed. Investor Gary Black cited a four-month CEO transition gap plus merchandising and leadership lapses.
lululemon athletica inc. (NASDAQ:LULU) slashed its FY and Q3 revenue outlook, saw shares slump to an eight-year low and drew broad analyst cuts to price targets, while investor Gary Black faulted a four-month CEO transition gap and merchandising and leadership lapses ahead of Heidi O'Neill's Sept...