Lululemon Stock News

The stocks making the biggest moves in premarket trading include Zynga, Lululemon, Apria, and more.

Lululemon Athletica (LULU) plummets 7% as the company expects 4Q21 net revenue to be toward the low end of its range of $2.125B to $2.165B (consensus $2.17B),Diluted EPS is

https://www.investing.com/news/stock-market-news/lululemon-flags-revenue-hit-from-omicron-variant-2734397

Lululemon Athletica shares slumped lower Monday after the athletic and leisure apparel group cautioned that its fourth quarter earnings would likely be hit by staff shortages and store closures linked to the global surge in Omicron infections.

Lululemon Athletica Inc. shares slid 7% in premarket trade Monday, after the maker of yoga gear said fourth-quarter sales and profit will come in at the low end of its guidance ranges, after the omicron variant of the coronavirus hurt staffing levels in certain locations. The company is now expecting per-share earnings to come in at the low end of a $3.24 to $3.31 range, and for adjusted per-share earnings to come in at the low end of its $3.25 to $3.32 range. It expects revenue to come in at the low end of its range of $2.125 billion to $2.165 billion. "We started the holiday season in a strong position but have since experienced several consequences of the Omicron variant, including increased capacity constraints, more limited staff availability, and reduced operating hours in certain locations," Chief Executive Calvin McDonald said in a statement. Shares have fallen 2.8% in the last 12 months, while the S&P 500 has gained 22%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.

Courtesy of Mirror Nike sued Lululemon on Wednesday, alleging Lululemon''s Mirror…

Months after the surprise departure of Mirror founder Brynn Putnum, Lululemon today announced that it has former Twitch Chief Content Officer Mike Aragon to run the connected fitness brand. Effective January 17, Aragon will be stepping into the CEO for both Mirror and Lululemons Digital Fitness line. Mike Aragon has an impressive track record of []

Months after the surprise departure of Mirror founder Brynn Putnum, Lululemon today announced that it has former Twitch Chief Content Officer Mike Aragon to run the connected fitness brand. Effective January 17, Aragon will be stepping into the CEO for both Mirror and Lululemons Digital Fitness line. Mike Aragon has an impressive track record of []

Courtesy of Mirror Nike filed a lawsuit on Wednesday, alleging Lululemon''s

U.S. stocks set for a muted open; bitcoin falls below $46,000; the Fed hints at faster and sooner rate increases; Nike Sues Lululemon; a car with paint that changes color.

Nike is going after Lululemon with a lawsuit that alleges patent infringement over the at-home Mirror fitness device and some related mobile applications. Read more.

PETA has submitted a shareholder resolution to Lululemon''s board of directors calling for a report on its slaughter methods. The post PETA addresses slaughterhouse practices at Lululemon appeared first on Retail Gazette .

The animal rights group claims birds are tortured to make some Lululemon goose down jackets.