TREE NEWS update: Lululemon reported Q2 net revenue of $2.42 billion, missing the analyst estimate of $2.46 billion. Comparable sales fell 9% on a constant-dollar basis, worse than the expected 4.28% decline. The company cut its full-year forecast, now expecting net revenue of $10.35-$10.50 billion and EPS of $9.48-$9.73, down from prior guidance. Shares dropped 18% in after-hours trading.
Lululemon Q2 revenue misses estimates; cuts FY outlook
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