Lululemon Athletica Inc said on Monday it expects the Omicron coronavirus variant to have dented holiday-quarter results as the yoga-wear maker cut down on staffing and store hours during the key shopping period.Lululemon Athletica Inc. said the Omicron variant of COVID-19 has forced it to reduce its earnings expectations for the fourth quarter of 2021.Article content
The Vancouver-based company now expects its net revenue to come in at the low end of its range of $2.125 billion to $2.165 billion. Diluted earnings per share and adjusted diluted earnings per share are also expected to hit the low end of its range of $3.24 to $3.31 and $3.25 to $3.32, respectively, the company said in a press release.
Let us all take a moment to thank Lululemon for making yoga pants ubiquitous. 🙏