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00:03Lululemon reported first quarter revenue of $2.47 billion, beating estimates of $2.43 billion,
00:10while earnings of $1.69 per share narrowly missed estimates of $1.70 per share,
00:16according to Benzinga Pro. Total revenue rose 4% year-over-year as America's net revenue fell
00:223%, and international revenue climbed 22%. Comparable sales increased 1% year-over-year.
00:30The company ended the quarter with $1.5 billion in cash and 816 total stores.
00:35Lululemon lowered its full-year revenue outlook to $11 billion to $11.5 billion,
00:40down from prior guidance of $11.35 billion to $11.50 billion.
00:46The athletic apparel retailer cut its earnings outlook to 10.95 to 11.15 per share,
00:52from 12.10 to 12.30 per share.
00:55Shares fell 9.49% in after-hours trading to $113.03.
01:01For all things money, visit Benzinga.com.
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