- Goldman Sachs revises its profit forecast for Lululemon (LULU) lower as it sees growth deceleration for the retailer.
- The recent history of product issues and hiccups in store traffic are indicative that the days of hyper-growth are over for Lululemon, thinks Goldman.
- The investment firm now sees 2014 EPS of $1.89 vs. $1.96 prior, while 2015 and 2015 estimates are also lowered.
- LULU +1.1% premarket
Cautious outlook on Lululemon from Goldman Sachs
Jan 15 2014, 09:18 ET