Lululemon Stock Jumps After Company Raises Full-Year Earnings Guidance

Key TakeawaysLululemon shares jumped in premarket trading Thursday after the activewear retailer posted better-than-expected quarterly results, raised its full-year profit guidance amid an improved second-half inventory outlook, and boosted its stock buyback program.CEO Calvin McDonald said stocking issues had persisted into the first quarter across the Americas business, but noted that he expects the retailer’s inventory position to improve throughout the back half of the year.Monitor if the Lululemon shar ...