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Lululemon sees annual revenue below estimates on weaker demand

By Reuters   |   Mar 21, 2024 at 04:17 PM EST
Lululemon sees annual revenue below estimates on weaker demand

(Reuters) - Apparel retailer Lululemon Athletica on Thursday forecast annual revenue below expectations, hurt by sluggish consumer demand for the company's premium athleisure and accessories.

Lululemon projected fiscal 2024 revenue to range between $10.70 billion and $10.80 billion. Analysts on average had expected $10.90 billion.

(Reporting by Annett Mary Manoj in Bengaluru; Editing by Ravi Prakash Kumar)

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