Seeking Alpha

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.
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