Lululemon posts mixed Q2 results, slashes full-year outlook

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Lululemon Athletica (LULU) reported mixed second quarter results. The athletic apparel retailer reported earnings of $3.15 per share, which was higher than the $2.95 Wall Street was expecting. Net revenue was $2.37 billion, just shy of the expected $2.41 billion.

The company also slashed its full-year guidance. It now sees earnings of $13.95 to $14.15 per share. It had been $14.27 to $14.47 per share. The net revenue outlook was also cut to a range of $10.38 billion to $10.48 billion, down from the previously expected $10.7 billion to $10.8 billion.

Market Domination Overtime anchors Madison Mills and Josh Lipton recap the retailer's results in the video above.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Stephanie Mikulich.

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