earnings
confidence high
sentiment negative
materiality 0.65
Lululemon lowers Q4 revenue and EPS guidance to low end of prior ranges due to Omicron
lululemon athletica inc.
- Net revenue expected toward low end of $2.125B–$2.165B range; GAAP EPS toward low end of $3.24–$3.31.
- Adjusted diluted EPS also toward low end of $3.25–$3.32 range.
- Omicron variant caused increased capacity constraints, limited staff availability, and reduced operating hours.
- CEO stated company entered holiday strong but Omicron affected final weeks.