Lululemon Is Tanking
Jun 12, 2014, 16:52 IST
Lululemon shares were down as much as 9% pre-market after lowering its full year guidance and reporting a drop in profit.
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The yogawear maker now sees full-year revenue of $1.77 billion to $1.8 billion, compared with earlier estimates for $1.77 billion to $1.82 billion.
They reported profits of $19 million, or 13 cents a share, down from $47.3 million, or 32 cents a share, a year ago.