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Omicron suppresses Lululemon revenues

11/01/2022

Canadian yogawear company Lululemon Athletica has warned investors that revenue and profits for the the fourth quarter of fiscal 2021 will be at the low end of its expectations. It suggests revenues will be around $2.125 billion to $2.165 billion, due to impacts connected with the Omicron variant of covid-19. CEO Calvin McDonald said: “We are...

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