Lululemon's winning streak continued Thursday after it reported earnings and profits that beat Wall Street's estimates.
For numerous quarters, Lululemon has been grappling with a glut in inventory. During its second quarter, inventories were still elevated 14% to $1.7 billion.raised its full-year guidance Thursday after reporting an 18% jump in both sales and profit, beating Wall Street's estimates. Lululemon is expecting profits to be between $12.02 to $12.17 per share for the year, compared to a previous range of $11.74 to $11.94.Sign up for NBC LA newsletters.
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