Lululemon Athletica reported second-quarter results after Thursday’s close, according to Benzinga. Revenue came in at $2.53 billion, just shy of the $2.54 billion consensus, and earnings were $3.10 per share, ahead of estimates of $2.90. Revenue grew 7% year-over-year, driven by 22% international growth offsetting a 1% gain in the Americas. CEO Calvin McDonald acknowledged weakness in U.S. sales and product execution, noting corrective steps are underway. Full-year guidance was lowered to revenue of $10.85 billion to $11 billion and earnings of $12.77 to $12.97 per share, below analyst expectations of $11.18 billion and $14.52. Shares fell 12.54% in after-hours to $180.25.
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