Reported 25 days ago
Lululemon Athletica has projected annual revenue and profit below market expectations, attributing this to a lack of consumer interest in its new product styles, which has led shoppers to competitors like Alo Yoga and Vuori. The company's shares declined by 11% following the announcement, with forecasts indicating fiscal 2025 revenue of $11.15 billion to $11.30 billion, below analysts' predictions. Despite a slight rise in comparable sales of 3% and a successful holiday season bolstering quarterly revenue to $3.61 billion, concerns over tariffs and consumer spending could impact future performance.
Source: YAHOO