US Stock Movement | Lululemon drops nearly 2% in after-hours trading as last quarter's profit falls over 20% and earnings guidance misses expectations

格隆汇 March 18｜Canadian sportswear retailer Lululemon (LULU.US) fell nearly 2% in after-hours trading, closing at $156.22. According to reports, Lululemon announced that revenue for the fourth fiscal quarter ending February 1 increased by 1% year-on-year to $3.64 billions, exceeding expectations of $3.58 billions; net profit fell by 22% year-on-year to $587 millions, with earnings per share of $5.01, higher than the market expectation of $4.78. Tariffs, higher expenditures, and a proxy battle with the founder have put pressure on profits. The company expects first-quarter sales to be between $2.4 billions and $2.43 billions, below the expected $2.47 billions; earnings per share are expected to be between $1.63 and $1.68, also below the expected $2.07. For the full fiscal year, the company expects sales to be between $11.35 billions and $11.5 billions, below the expected $11.52 billions; earnings per share are expected to be between $12.1 and $12.3, below the expected $12.58. (格隆汇)