Lululemon Stock Falls on Margin Disappointment


Athletica shares fell on Monday after the athleisure-apparel retailer lowered its margin steering for its fourth quarter, including to a disappointing replace the earlier quarter.


(ticker: LULU) said it now expects its gross margin for its fourth quarter of fiscal 2022 to say no by 90-110 foundation factors, having beforehand anticipated a rise of 10-20 foundation factors. The corporate’s gross margin within the fourth quarter of fiscal 2021 was 58.1%.

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