Wall Street can be hard to please. Investors pushed lululemon athletica‘s (NASDAQ: LULU) stock lower following the chain’s fiscal third-quarter report, even though sales and profit figures each surpassed expectations. Investors looked right past that success to focus on a few warning signs about the near future that imply a rocky period for the athleisure giant’s business.
CEO Calvin McDonald and his team outlined those issues in a conference call with analysts. Executives stressed the fact that they’re likely temporary and that lululemon’s long-term outlook is as bright as ever.
Let’s look at some highlights.