Lululemon's net income fell to $45.3-million. (Photo: Getty Images)For the current quarter ending in August, Lululemon said it expects revenue in the range of $505 million to $515 million. Analysts surveyed by Zacks had expected revenue of $514.3 million. The company expects full-year earnings in the range of $2.05 to $2.15 per share, with revenue ranging from $2.31 billion to $2.35 billion. Lululemon shares have climbed 30 per cent since the beginning of the year. The stock has climbed 11 per cent in the last 12 months.
The company's net income fell to $45.3-million, by 5 per cent to 33 cents per share, according to Reuters.
Lululemon founder Chip Wilson blasted the company's management last week, calling its competence "uninspiring at best."_____
Also on HuffPost