Lululemon Athletica Inc.’s shares dropped 11.7 percent Thursday after the company, whose third quarter results beat Wall Street’s consensus by 4 cents, provided fourth-quarter guidance below analysts’ expectations.
The company guided fourth quarter diluted EPS in the range of 78 to 80 cents, on a net revenue range of between $535 million and $540 million. It also forecasted flat comps for the quarter on a constant-dollar basis. Analysts’ consensus pegged EPS at 84 cents on net revenue of $572.5 million.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)