Earnings

Lululemon (LULU) Q3 2021 earnings beat

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People line up to enter a store during Black Friday shopping at Fashion Outlets of Chicago in Rosemont of Greater Chicago Area, Illinois, the United States, on Nov. 26, 2021.

Joel Lerner | Xinhua News Agency | Getty Images

Lululemon‘s stock gave up gains in extended trading Thursday after the company slashed its sales expectations for Mirror, the at-home fitness device it acquired last year.

The athletic apparel maker reported fiscal third-quarter earnings and sales ahead of analysts’ estimates, prompting it to boost its full-year outlook.

However, it said some shopper demand over the holidays might have been pulled forward, as consumers kicked off their gift buying earlier this year. As a…



Source cnbc.com

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