Shares of Lululemon (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.