Analysts with William Blair are out with a defense of Lululemon (LULU -4.4%) after its Q2...

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

Analysts with William Blair are out with a defense of Lululemon (LULU -4.4%) after its Q2 guidance cut, as they buy into the theory that Lululemon's management likes to go conservative with its outlook. On the LULU earnings conference call (webcast), the theme from management was that new products will be developed over the next two quarters and add to results in Q4.