Lululemon revises earnings guidance as Omicron impacts sales, profits

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 99%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Lululemon Athletica Inc. is lowering its fourth-quarter earnings estimates as the Omicron variant curbs the retailer's sales.

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."

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Girls got fat from lockdowns and can't wear sexy leggings anymore 😂

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 1. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Lululemon sinks after warning that Omicron could cut earningsLululemon Athletica Inc. said the Omicron variant of COVID\u002D19 has forced it to reduce its earnings expectations for the fourth quarter Let us all take a moment to thank Lululemon for making yoga pants ubiquitous. 🙏
Källa: nationalpost - 🏆 10. / 80 Läs mer »