Lululemon (LULU) Ties Traffic Slowdown to Macro, PR, and Product Issues
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Price: $113.77 -3.23%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.8%
Revenue Growth %: -2.4%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.8%
Revenue Growth %: -2.4%
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Speaking on the company's conference call, Lululemon Athletica's (Nasdaq; LULU) CFO John Currie said traffic has slowed and the company is experiencing a soft start to Q4. The traffic slowdown is tied to macro, PR, and product issues.
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