Retail

Lululemon (LULU) reports fiscal Q3 2019 earnings beat

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Pedestrians seen walking past Canadian athletic apparel retailer Lululemon in Shanghai.

Alex Tai | SOPA Images | LightRocket | Getty Images

Lululemon on Wednesday reported quarterly earnings and sales that topped analysts’ estimates, as more shoppers around the world picked up its yoga pants and sports bras. And its men’s business continued to grow.

But its shares fell as much as 6% in after-hours trading on the news, as Lululemon’s fourth-quarter outlook came in slightly below Wall Street expectations.

Lululemon now expects to earn between $2.10 and $2.13 per share during the holiday quarter, while analysts have been calling for earnings of $2.13 a share. The company said its outlook takes…



Source cnbc.com

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