lululemon lowers Q1 SSS growth view to 5%-8% from 11% lululemon expects the "black luon pants shortage " issue will have a significant impact on its financial results. The company said : "Up to March 17, we were tracking to a comparable-store sales percentage increase of 11% on a constant dollar basis and expected revenue guidance to be in a range of $350 million to $355 million for the first quarter of 2013. We now expect a comparable-store sales percentage increase in the range of 5% to 8% for the first quarter of 2013, resulting in an expected revenue range of $333 million to $343 million. We are working to determine the impact on our earnings in the first quarter as well as expected impact for the balance of 2013. We will provide further information during our regularly scheduled earnings call Thursday March 21st."
News For LULU From The Last 14 Days
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lululemon can be 'darling' again, TheStreet.com's Link reports According to TheStreet.com's Stephanie Link, Lululemon has the potential to be a Wall Street "darling" once again as the many problems the company had last year are likely to be fixed with new management. Reference Link