Lululemon was one of the few retailers to issue a downbeat report for Q4.
The company said while holiday sales started strong, Covid issues have since dampened results. Problems include capacity constraints, more limited staff availability, and reduced operating hours in some locations.
As a result, Lululemon said its revenue and earnings will now come in on the lower end of its previous guidance.
The previous guidance called for full year revenue of $2.125 billion to $2.165 billion. Earnings per share should now range from $3.24 to $3.31.
The company emphasized, however, that it has had a strong year overall.
