Lululemon forecasts Q2 revenue between $2.45B and $2.48B
LULU is trading near its 52-week low of $116.625 (8.1% above the low) on elevated volume (2.0× avg).
Summary
Lululemon has issued its revenue guidance for the second quarter, projecting sales to be between $2.45 billion and $2.48 billion. This forward-looking financial update provides a key operational metric for investors. The guidance comes amidst an ongoing proxy contest initiated by founder Chip Wilson, which has been a dominant theme in recent company news. Traders will use this guidance to adjust their financial models and expectations for the company's near-term performance.
At the time of this announcement, LULU was trading at $126.12 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $14.9B. The 52-week trading range was $116.63 to $339.15. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.