Lululemon cuts guidance, misses sales estimates after botched product launch

Signage at a Lululemon store in New York, US, on Thursday, Aug. 22, 2024. Lululemon Athletica Inc. is scheduled to release earnings figures on August 29.Lululemon missed Wall Street's fiscal second-quarter sales expectations and lowered its guidance Thursday after it botched a highly anticipated product launch and growth slowed in the Americas. The company now expects full year net revenue to be between $10.38 and$10.48 billion, down from a previous range of between $10.7 billion and$10.8 billion. Lululem ...