Lululemon Forecasts Annual Results Below Estimates
Lululemon Athletica forecast annual revenue and profit below estimates on Thursday, as the lack of newer styles has been pushing customers to look for products from competitors such as Alo Yoga and Vuori. The company’s shares, which have fallen 10 percent so far this year, fell about 8.1 percent in
E.l.f. Beauty Shares Crater as Weakening Cosmetics Demand Dents Annual Forecasts
E.l.f. Beauty’s shares tumbled over 20 percent in extended trading on Thursday, after the cosmetics company cut its annual net sales and profit forecasts, citing weak demand in the mass beauty category at the start of the year. E.l.f. Beauty is known for its vegan lip oils and makeup products
