Athleisure retailer Lululemon’s stock dipped Thursday following the release of the company’s lukewarm holiday season guidance.
According to its guidance, Lululemon expects to pull in $3.14 billion and $3.17 billion during its fourth quarter, compared to the $3.18 billion expected by Wall Street.
However, the company reported pulling in $2.20 billion in revenue during the third financial quarter versus $2.19 billion predicted by analysts.
As a result, Lululemon shares fell 3% during extended trading hours.
Recent Comments