Lululemon’s Sales Reset Has More Stretching To Do, Analyst Cuts EPS Estimates
Guggenheim Partners cut Lululemon EPS estimates after Q2 results showed North American sales declining for the fifth straight quarter.
Lululemon's money from selling clothes in North America has been going down for five quarters in a row, and an expert thinks the company will make less profit than they thought. When a company struggles to sell as much for this long, watch whether they can turn it around or if the problem gets worse.
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