Lululemon topped fourth-quarter earnings and revenue estimates but issued 2025 guidance that fell short of analyst expectations. CEO Calvin McDonald said the athletic retailer saw lower U.S. traffic due to consumer spending concerns but noted positive responses to the brand’s innovation. CFO Meghan Frank said Lululemon expects a drop in 2025 gross margin due to fixed costs, foreign exchange, and U.S. tariffs on China and Mexico. Shares fell over 10% in extended trading.
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00:00It's Benzinga bringing Wall Street to Main Street 11 top four quarter earnings and revenue estimates
00:04but issued 2025 guidance that fell short of analysts expectations. CEO Calvin McDonald
00:10said the athletic retailer saw lower US traffic due to consumer spending concerns but noted
00:15positive responses to the brand's innovation. CFO Megan Frank said Lululemon expects a drop in 2025
00:21gross margin due to fixed costs foreign exchange and US tariffs on China and Mexico.
00:26Shares fell over 10 percent in extended trading. For all things money visit Benzinga.com
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