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Weak guidance crushes Lululemon

Dec. 12, 2013 7:39 AM ETLululemon Athletica Inc. (LULU) StockLULUBy: Clark Schultz, SA News Editor11 Comments
  • Shares of Lululemon (NASDAQ:LULU) are getting crushed in early trading after the company's outlook for Q4 disappoints.
  • Management cites execution issues and macro factors which will impact results during the current quarter.
  • Guidance for Q4 EPS is set at $0.78-$0.80 vs. $0.84 consensus on revenue of $535M-$540M.
  • A conference call is scheduled for 9:00 a.m. EST where details on the execution problems referenced should be front and center. (webcast)
  • LULU -9.7% premarket.

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