- 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.
Weak guidance crushes Lululemon
Dec 12 2013, 07:39 ET