Tuesday, January 25, 2022
More

    Latest Posts

    Lululemon stock slid 7% in front of the market after the company guided it to the low end of the range as Omicron hurt staffing.

    Lululemon Athletica Inc.Stocks
    LULU,
    -3.68%

    After a yoga gear maker said fourth-quarter sales and profits would fall within the lower bounds of the guidance range after an Omicron variant of the coronavirus hurt personnel levels in certain locations, in a pre-market transaction on Monday 7 % Has fallen. The company currently expects earnings per share to be at the lower end in the range of $ 3.24 to $ 3.31 and adjusted earnings per share to be at the lower limit in the range of $ 3.25 to $ 3.32. Revenue is expected to be at the bottom of the range of $ 2.125 billion to $ 2.165 billion. Calvin McDonald, CEO, said in a statement, “The holiday season started in a strong position, but since then, capacity constraints have increased, staff availability has been limited, and sales in specific locations. I experienced some consequences of the Omicron variant, including time savings. ” The S & P 500’s share price has fallen 2.8% in the last 12 months, compared to
    SPX,
    -0.41%

    Increased by 22%.

    Lululemon stock slid 7% in front of the market after the company guided it to the low end of the range as Omicron hurt staffing.

    Source link Lululemon stock slid 7% in front of the market after the company guided it to the low end of the range as Omicron hurt staffing.

    The post Lululemon stock slid 7% in front of the market after the company guided it to the low end of the range as Omicron hurt staffing. appeared first on Eminetra.

    Latest Posts

    Don't Miss

    Stay in touch

    To be updated with all the latest news, offers and special announcements.