real-time news and commentary for investors
Thursday, Sep 12
Shares of Lululemon get stretched
- Lululemon (LULU) falls hard after the retailer's results and guidance disappoint.
- For the six months ending on August 4, the company saw comparable store sales increase at a rate of 8% which shows a deceleration from its lofty gains in previous periods.
- The company has also seen its bottom line hit by higher tax rate, 29.7% in Q2 vs. 19.1% a year ago.
- LULU -7.7% premarket to $63.59.