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Lululemon Shares Are Tumbling

Sam Ro

Shares of yoga pants-maker Lululemon are tumbling in after-hours trading.

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The company just revised its guidance.

From the press release:

For the fourth quarter, the Company now anticipates that net revenue will be at the high end of its original guidance range of $475 million to $480 million based on a comparable-store sales percentage increase in the high single digits on a constant-dollar basis. The Company also now expects diluted earnings per share will be $0.74 for the quarter. The previous guidance for the fourth quarter was a range of 0.71 to $0.73. EPS guidance continues to assume 145.9 million diluted weighted-average shares outstanding and a 29.4% tax rate.

More to come...

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