Thursday, December 12, 2019

Lululemon's new product investments hit holiday quarter profit forecast

Reuters
Lululemon Athletica Inc forecast holiday quarter profit largely below analysts’ expectations on Wednesday, as the athleisure pioneer invests heavily to launch new products to fend off intensifying competition.

The company’s shares fell a little over 4% in extended trading. They have nearly doubled in value this year as a big push into menswear and online helped the company beat revenue estimates for the first three quarters of the year.. . . more