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Shares of Lululemon Shake Off Disappointing Profit Forecast

August 18, 2023
in Trade Tube
Reading Time: 1 min read
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Shares of Lululemon are inching higher on Thursday after the yoga apparel retailer reported fourth-quarter earnings that were little changed from a year ago. The company also forecast first-quarter profit that fell short of analyst expectations. Lululemon dealt with an array of problems in 2013, including its decision to pull black yoga pants from shelves after they were found to be too sheer. Now, CEO Laurent Potdevin calls 2014 an “investment year” geared toward getting back on track.

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