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