Lululemon cuts guidance, misses sales estimates after botched launch of ‘unflattering’ yoga pants

August 30, 2024

Lululemon lowered its guidance and posted its first revenue miss in more than two years on Thursday after it botched a highly anticipated product launch.

The company now expects full-year net revenue to be between $US10.38 and $US10.48 billion ($15.4b) down from a previous range of between $US10.7 billion and $US10.8 billion ($15.8b).

Shares rose more than 2 per cent in extended trading after initially falling. The West