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Lululemon (LULU) shares fell about 17% Friday after second-quarter results. Revenue missed consensus at $2.42B, Q3 revenue guidance was $2.29B–$2.32B, and full-year revenue and EPS outlook were lowered.
Lululemon Athletica shares fell after second-quarter sales missed expectations, North America revenue declined 8.5% year on year and U.S. weakness extended to a fifth straight quarter.
Lululemon reported Q2 revenue of $2.42B vs $2.46B consensus and Q2 EPS of $2.92. The company lowered full-year revenue outlook to $10.35B–$10.50B and EPS to $9.48–$9.73. Shares fell 20.3% pre-market.
Lululemon lowered its full-year revenue outlook to $10.35B–$10.50B from $11B–$11.15B, and reduced full-year earnings guidance to $9.48–$9.73 per share from $10.95–$11.15. Shares fell 18.2% to $99.65 after hours.
Lululemon reported second-quarter revenue of $2.42 billion, below the $2.46 billion consensus, and lowered full-year revenue guidance to $10.35 billion-$10.50 billion from $11 billion-$11.15 billion.
Lululemon reported second-quarter revenue of $2.4 billion, down 4% year over year, and lowered full-year revenue guidance to $10.35 billion-$10.5 billion, citing softer sales trends and inconsistent product launch performance.
Lululemon reported second-quarter revenue of $2.42 billion, below estimates, and lowered full-year revenue guidance to $10.35 billion-$10.50 billion from $11 billion-$11.15 billion.