Financial

Lululemon business healthy; US dip caused by internal product, color issues

By 2024-06-06T09:18:00

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Lululemon delivered strong Q1 results and raised its FY guidance yesterday. But it also pointed out that recent problems in its US business were caused by its own mistakes, not by competitive pressures or market conditions. The Canadian group blamed missed opportunities in not having certain smaller sizes available for ...

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