• Today: Wednesday, June 19, 2019
BUSINESS

Lululemon Shares Extend Plunge as Retailer’s Outlook Fades

Peter Oliva
March 31 ,2017

Shares of Lululemon Athletica Inc. fell more than 17 percent Wednesday after the athletic-inspired sportswear company said it’d had a slow start to the year and offered a weaker outlook than expected for the current quarter. The company known for its yoga gear did report solid growth in both earnings and revenue for its fiscal fourth quarter. “Although we’ve had a slow start to 2017, our teams are passionately committed to delivering on our robust plans,” Laurent Potdevin, chief executive officer of Lululemon, said.