Lululemon posted its third-quarter earnings this morning and Wall Street isn’t impressed. Sales were up 20%, but that is the slowest growth since July 2009, and it’s only adding to concerns that the yoga-pants maker’s incredible run of growth, completely at odds with the woes most brick-and-mortar retailers have been experiencing in the last few years, could be behind it.
The company also cut its earning forecasts for next year, and its shares have tanked about 10% in early trading.
Quick! What would Ayn Rand do? Actually, she'd probably double down on her asshole comments. Never mind. Keep apologizing, I guess! Maybe that'll work.