Lululemon raised its holiday sales guidance in January after it saw sales trends come in “balanced across channels, categories, and geographies.”
Lululemon's holiday earnings topped expectations, but its growth in North America is stagnating as it laps tougher comparisons and grapples with a slowdown in demand.The athletic apparel retailer, known for its yoga pants and belt bags, issued weak guidance that came in below estimates.on Thursday reported holiday earnings that topped expectations, but the athletic apparel retailer's guidance came in below estimates as its growth in North America stagnates.
Investors have watched how Lululemon performs in North America, its largest region by sales, as it laps tougher prior year comparisons and contends with consumers who are choosing experiences over goods like clothes and shoes. Comparable sales rose 12% during the quarter, just shy of the 12.3% uptick analysts had expected, according to StreetAccount.
For the full year, it expects sales to be between $10.7 billion and $10.8 billion, compared with estimates of $10.9 billion, according to LSEG.
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Lululemon shares fall on weak guidance, slowing North America growthLululemon raised its holiday sales guidance in January after it saw sales trends come in 'balanced across channels, categories, and geographies.'
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