Lululemon Athletica (LULU) reported mixed second quarter results. The athletic apparel retailer reported earnings of $3.15 per share, which was higher than the $2.95 Wall Street was expecting. Net revenue was $2.37 billion, just shy of the expected $2.41 billion.
The company also slashed its full-year guidance. It now sees earnings of $13.95 to $14.15 per share. It had been $14.27 to $14.47 per share. The net revenue outlook was also cut to a range of $10.38 billion to $10.48 billion, down from the previously expected $10.7 billion to $10.8 billion.
Market Domination Overtime anchors Madison Mills and Josh Lipton recap the retailer’s results in the video above.
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