Lululemon Higher On Earnings Beat; Pant Recall Baked Into Reduced Profit Outlook
Shares of Lululemon Athletica moved higher even though it reduced its profit outlook for the year. Investors may be relieved that the news wasn’t any worse regarding its recall of black Luon yoga pants, announced earlier this week. Lululemon said Thursday that it expects same-store sales growth will be cut roughly by half from previous projections [...]
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