Lululemon Sees Q4 Net Revenue $3.135B-$3.170B vs $3.18B Est.
Portfolio Pulse from Benzinga Newsdesk
Lululemon has projected its Q4 net revenue to be between $3.135B and $3.170B, which is slightly below the estimated $3.18B.
December 07, 2023 | 9:06 pm
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NEGATIVE IMPACT
Lululemon's projected Q4 revenue falls short of analysts' expectations, potentially impacting investor sentiment and stock price.
Revenue projections that are below analyst estimates can lead to negative investor sentiment and a potential decrease in stock price in the short term. Given that Lululemon's projection is only slightly below expectations, the impact may be moderate but still negative.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100