|
CEO Christine Day said the company stands by the outlook it offered on March 21 during an earnings report that came after the pants problem arose. At that time, the company said withdrawing Luons will cut its revenue by $12 million to $17 million in the first quarter and by $45 million to $50 million for the rest of the year, particularly in the second quarter. It also said it expects first-quarter earnings of 28 to 30 cents per share. It reported earnings of 32 cents per share a year ago. The company expects the recall will pull its earnings down by 11 to 12 cents per share. Analysts expect earnings of 29 cents per share on revenue of $339.7 million, according to FactSet. Lululemon ending regular trading day up $1 at $64.24.
Copyright 2013 The Associated
Press. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries
Community |
Perspectives
|
Law & Courts |
Leisure Time
|
Spiritual Life |
Health & Fitness |
Teen Scene
Calendar
|
Letters to the Editor