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Lululemon Shares Drop After Weak Q4 Guidance

January 9, 2023

The Vancouver, British Columbia-based brand now projects Q4 net revenue to be between $2.660 billion to $2.700 billion, compared to a previously outlined range of $2.605 billion and $2.655 billion. Q4 diluted earnings per share are expected to be between $4.22 and $4.27, tighter and lower than the previously outlined range of $4.20 and $4.30. Gross margin in Q4 is expected to decline between 90 and 110 basis points. FN