Lululemon Athletica shares are trading lower after the company reported worse-than-expected Q2 sales results and issued FY24 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Lululemon Athletica's shares declined following disappointing Q2 sales results and lower-than-expected FY24 revenue guidance.
August 29, 2024 | 8:09 pm
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Lululemon Athletica's shares are down due to disappointing Q2 sales and FY24 revenue guidance below estimates, indicating potential challenges in meeting market expectations.
The company's Q2 sales results were worse than expected, and the FY24 revenue guidance was below estimates, leading to a negative market reaction. This suggests potential difficulties in achieving growth targets, impacting investor sentiment negatively.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100