The realities of the crowded retail landscape have finally caught up to Lululemon Athletica Inc. The Canadian yoga-wear peddler warned Monday that it would fall well short of its original earnings estimate of 78 to 80 cents (U.S.) a share for the fiscal fourth quarter.
The revised range of 71 to 73 cents would put profit below the level of a year earlier. That’s never a good sign for a story stock whose compelling theme – at least before last year’s woes – had been all about rapid growth of a strong, near-iconic retail brand with a loyal and widening customer base.Report Typo/Error
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