30.03.2016 - Lululemon Athletica forecast weak revenue growth
Manufacturer of clothing for yoga Lulelemon Athletica announced profit growth of 6% in the 4th quarter, which was better than expected, but at the same time, the outlook for financial performance for the current quarter disappointed investors. So, in the first quarter sales growth is expected to 483-488 million dollars against the average market forecast of 486.1 million dollars. The company is actively working to increase the product line, including the sector of children's and men's clothing. As a result, we expect the growth of the share price by 18-20% by the end of the year.