Lululemon Athletica (LULU) Stock: Earnings Slide as Revenue Declines

TLDR LULU stock jumps 5.16% to $98.95 despite declining revenue and earnings. Quarterly net income falls to $329 million as operating margins continue to shrink. The retailer holds $1.39 billion in cash despite a challenging sales outlook. Free cash flow climbs to $225 million despite weaker quarterly sales performance. The company spends $1.16 billion on [...]

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