Lululemon Athletica Inc said on Monday it expects holiday quarter gross margins to decline as the apparel maker grapples with increased costs amid a drop in consumer spending due to persistently-high inflation.
A Lululemon store in the CF Toronto Eaton Centre shopping mall in Toronto, Ontario, Canada December 13, 2021. REUTERS/Carlos Osoriosaid on Monday it expects holiday quarter gross margins to decline as the apparel maker grapples with increased costs amid a drop in consumer spending due to persistently-high inflation.The company said it expects gross margin to decline 90 to 110 basis points in the fourth quarter, compared to its previous expectation of an increase of 10-20 basis points.
Lululemon, however, said it expects fourth-quarter net revenue to be in the range of $2.66 billion to $2.70 billion, compared with its previous range of $2.61 billion to $2.66 billion. It also expects diluted earnings per share to be in the range of $4.22 to $4.27, compared to its prior expectation of $4.20 to $4.30.Our Standards:
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Lululemon stock slides premarket after yoga gear maker revises Q4 guidanceLululemon Athletica Inc. revised its fourth-quarter guidance on Monday by raising its revenue guidance. tweaking its per-share earnings guidance to a tighter...
Baca lebih lajut »
NYC weather: Snow, rain could impact Monday morning commuteRain and snow Sunday night could impact your Monday morning commute.
Baca lebih lajut »
Thousands of NYC nurses could walk off the job Monday, even after some hospitals reach agreementsThousands of NYC nurses could still walk off the job on Monday, even after some hospitals have reached agreements.
Baca lebih lajut »
More rain coming to Southern California starting late MondayMore rain is coming to the Southland next week, forecasters said Saturday.
Baca lebih lajut »
Clouds And Rain Sunday, Dry With Sunshine Monday - Alabama NewsSunday's forecast looks much different. Clouds increase Saturday night. Rain falls from a mainly cloudy sky at times Sunday. However, Sunday does not look like a washout. Rain amounts could be in the ballpark of one quarter inch.
Baca lebih lajut »
How To Watch Monday’s College Football Playoff Championship Game On TV & OnlineUndefeated and defending national champion Georgia takes on TCU in the College Football Playoff national championship game Monday, with kickoff set for 7:30 p.m. ET/4:30 p.m. PT at SoFi Stadium in …
Baca lebih lajut »