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Lululemon Needs To Turn Its Fortune Around In The Americas
On Wednesday, Lululemon Athletica Inc. (NASDAQ: LULU) surpassed Wall Street’s earnings and revenue estimates with its first fiscal quarter results. However, the Nike NYSE: NKE) and Adidas AG (OTC: ADDYY) rival also issued a weak second quarter outlook as it faces a slowdown at its largest market, the Americas, where it reported flat comparable sales. But, Lululemon stock still jumped 10% upon the report during extended trading on Wednesday. Fiscal First Quarter Highlights For the quarter ended o
Benzinga•
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