Lululemon Drops as Sales Outlook Signals Possible Slowdown
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Lululemon Athletica Inc. slid after forecasting fourth-quarter sales that trailed analysts’ estimates amid investor concern the Canadian yoga-wear retailer’s extraordinary growth may be leveling off.
The shares fell 3.9 percent to $69.47 at the close in New York, the lowest closing price since Dec. 5. The Vancouver-based company gained 63 percent in 2012.