Tues Jan 10 2022
IN a bear market all news is bearish.
Big holiday crowds didn’t translate into the big profit that Wall Street was expecting out of Lululemon Athletica Inc. LULU -9.29%decrease; red down pointing triangle
The yoga-pants maker’s shares tumbled more than 9% Monday after the company warned that its profit margins would decline in the quarter ending Jan. 29 and set earnings targets below what Wall Street had expected from the brand.
Lululemon’s warning came after department-store chain Macy’s Inc. M -7.68%decrease; red down pointing triangle
had cautioned that fourth-quarter sales would be at the low-to-midpoint of its guided range. Macy’s Chief Executive Jeff Gennette said Friday that the lulls of the nonpeak holiday weeks were deeper than the company had anticipated.
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