The Vancouver-based company says it now expects its net revenue and earnings to be on the low end of previously announced ranges.
He says Lululemon has been impacted by increased capacity constraints in stores, more limited staff availability and reduced operating hours in some locations. In a client note last March, Morningstar said Lululemon's valuation "is as stretched as its leggings."
Girls got fat from lockdowns and can't wear sexy leggings anymore 😂
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