Lululemon
Athletica shares fell on Monday after the athletic apparel retailer lowered its profit margin guidance for the fourth quarter, adding to a disappointing update last quarter.
Lululemon
(code: LULU) said it now expects Its gross margin for the fourth quarter of fiscal 2022 fell 90-110 basis points, previously expected to increase 10-20 basis points. The company’s gross profit margin in the fourth quarter of fiscal year 2021 was 58.1%.
