Lululemon Lowers Full-Year Guidance, Citing ‘Negative Commentary’ in New Media

Lululemon cut its full-year guidance even as it delivered a relatively decent Q1 report card, with EPS registered at $1.69 against $1.68 expected and revenue at $2.47 billion versus $2.43 billion anticipated. “We experienced spikes of negative commentary in the media and on social channels with regard to our brand, which had an impact on traffic and overall top line performance,” CEO Meghan Frank said (more).