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Lululemon cuts annual sales outlook to $10.35 billion-$10.50 billion for second time

  • Lululemon Athletica cut its annual sales outlook for the second time this year.
  • Annual sales are now projected at $10.35 billion to $10.50 billion.
  • The Americas business recorded another quarter of declining sales, while shares rose 1.42%.

Lululemon Athletica cut its annual sales outlook for the second time this year after another quarter of declining sales in its Americas business. The retailer now expects full-year sales of $10.35 billion to $10.50 billion, compared with its previous forecast of $11.00 billion to $11.15 billion. Lululemon shares were up 1.42%.

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