NEW YORK - Shares of Lululemon (LULU) are falling in premarket trading after the yoga clothing maker said it expects a key sales figure to be flat in the next quarter.
The weak forecast comes as Lululemon
Athletica Inc. looks to bounce back from a series of embarrassing issues that
have hurt its image. It has had production problems that resulted in overly
sheer yoga pants this spring. Comments by its founder regarding the body types
of potential customers also angered some.
For the quarter ended Nov. 3, it
earned $66.1 million, or 45 cents per share. That's up from $57.3 million, or
39 cents per share, a year ago.
Analysts had forecast 41 cents per
Revenue rose 20 percent to $379.9
million, above the $374.6 million Wall Street expected.
The stock fell more than 10 percent.