Lululemon Athletica Inc. lowered its full-year guidance and posted its first sales miss in more than two years as the company was challenged by product missteps and slowing growth at home.
Lululemon Athletica Inc. reported first-quarter results ahead of expectations as growth soared internationally but slowed in its largest market, the Americas.
Lululemon said it is implementing an “updated and more integrated organizational structure” to support its near- and long-term growth plans and accelerate product innovation.
Lululemon Athletica Inc. maintained its momentum in the fourth-quarter reporting earnings and revenue that beat estimates, helped by soaring international sales.
