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.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)