Why Lululemon Is Expecting A Holiday Slowdown
Dec 18, 2020
Wall Street can be hard to please. Investors pushed Lululemon Athletica’s stock lower following the chain’s fiscal third-quarter report, even though sales and profit figures each surpassed expectations. Investors looked right past that success to focus on a few warning signs about the near future that imply a rocky period for the athleisure giant’s business. CEO Calvin McDonald and his team outlined those issues in a conference call with analysts. Executives stressed the fact that they’re likely temporary and that lululemon’s long-term outlook is as bright as ever. Read more at The Motley Fool.
