00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Lululemon issued a weaker-than-expected 2026 outlook as tariffs, higher expenses,
00:07and a proxy battle with founder Chip Wilson weighed on performance, according to CNBC.
00:13The Affleisure Company reported earnings of $5.01 per share on $3.64 billion in revenue,
00:20exceeding estimates of $4.78 per share and $3.58 billion.
00:25Guided first quarter revenue came in at $2.40 billion to $2.43 billion and earnings of $1.63 to
00:35$1.68 per share,
00:37both below estimates of $2.47 billion and $2.07.
00:43Lululemon expects full-year sales of $11.35 billion to $11.50 billion and earnings of $12.10 to $12
00:52.30 per share,
00:53also below expectations. Tariffs are expected to cost $380 million in 2026, with a $220 million net impact.
01:03Lululemon is facing higher expenses from marketing, labor, incentives, and costs tied to its proxy contest
01:09with founder Chip Wilson. As the company's largest independent shareholder...
01:13For all things money, visit Benzinga.com.
Comments