Lululemon's first quarter better than expected but full-year outlook softens

Shares of fashion retailer Lululemon (TSX:LLL) dropped more than eight per cent on Thursday morning after the company fell short of analyst estimates for the rest of the year.

The Vancouver-based company, best known for its yoga-inspired athletic fashions, lost $5.99 on the Toronto Stock Exchange shortly after markets opened, with shares falling to $66.07.

The weakness came as Lululemon said it is now calling for just over US$1.3 billion of revenue for the full year and earnings of between $1.55 and $1.60 per share — at least three cents per share below expectations.


Read it on Global News: Global Montreal | Lululemon's first quarter better than expected but full-year outlook softens

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- Posted: 2012-06-07 10:39:02

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