FILE PHOTO: The logo for Lululemon Athletica is seen at a store in Manhattan, New York, U.S., December 7, 2021. REUTERS/Andrew Kelly
January 10, 2022
(Reuters) – Lululemon Athletica Inc trimmed its holiday-quarter revenue forecast on Monday, blaming increased capacity constraints, limited staff availability and reduced operating hours due to the spread of the Omicron variant of the coronavirus.
The yoga wear maker said it now expects fourth-quarter net revenue to be toward the low end of its previously forecasted range of $2.13 billion to $2.17 billion.
(Reporting by Uday Sampath in Bengaluru; Editing by Shinjini Ganguli)
Source: One America News Network
