(ZEROHEDGE) – Lululemon’s stock plunged in premarket trading as the company’s forecast for first-quarter net revenue fell short of Wall Street’s expectations. The athleisure brand blamed a slowdown in sales at its US stores for the underwhelming sales forecast. Additionally, Lululemon announced that fourth-quarter adjusted earnings per share missed estimates, prompting analysts to lower their…
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This article was originally published by the WND News Center.
This post originally appeared on WND News Center.