Analysis: Short-term caution on Lululemon

|About: Lululemon Athletica Inc. (LULU)|By:, SA News Editor

Janney Capital takes a cautious tone on Lululemon (LULU -1%) in front of the company's Q4 earnings report, due out tomorrow.

The investment firm thinks the spring product mix from Lululemon didn't leave a lot of room for upside surprises and that Q1 guidance could be a tad light.

Janney doesn't dismiss the threat of Athleta adding more pressure on Lululemon.