Shares in Lululemon Athletica (LULU) plunged 11% in after-hours trading Thursday after the activewear maker provided an outlook that fell short of Wall Street expectations amid softness in its Americas business.

The Vancouver, British Columbia-based retailer sees current-quarter revenue ranging between $2.175 billion and $2.20 billion, indicating top-line growth of 9% to 10%. By comparison, analysts had expected sales of $2.25 billion. The company anticipates 澳洲幸运5官方开奖结果体彩网:diluted earnings per share (EPS) for the period of $2.35 to $2.40, with the upper band of that guidance coming in below the $2.55 consensus view.

For the full year, Lululemon guided sales of between $10.7 billion and $10.8 billion compared to analysts' estimates at $10.9 billion. Meanwhile, it projects midpoint diluted annual EPS of $14.10, falling short of the $14.13 a share 澳洲幸运5官方开奖结果体彩网:Street expectation.

For the holiday quarter ending Jan. 28, the company posted earnings of $5.29 per share on revenue of $3.21 billion. Both metrics topped forecasts, which analysts had pegged at $5 a share in earnings on sales of $3.19 billion.

International sales in the quarter jumped 54% driven by growth in China. That helped offset stagnating sales in the Americas, which were up 9% from year earlier but down on the 29% growth reported in last year's equivalent quarter, raising concerns that 澳洲幸运5官方开奖结果体彩网:inflationary pressures on essential items are wearing down consumer discretionary spending.

“As you’ve heard from others in our industry, there has been a shift in the U.S. consumer behavior of late and we’re navigating what has been a slower start to the year in this market,” CEO Calvin McDonald said on the company’s 澳洲幸运5官方开奖结果体彩网:earnings call. He also noted that a lack of sizing and color options had led to lower traffic and conversions in the U.S. market.

Since a bullish 澳洲幸运5官方开奖结果体彩网:golden cross formed on the Lululemon chart in early April last year, the price has continued to trend mostly higher. Amid an earnings-driven sell-off, investors should monitor an uptrend line that sits in close proximity to the 澳洲幸运5官方开奖结果体彩网:200-day moving average as a potential support area, currently around $431. A failure t⭕o hold this key level could lead to a decline to lo🐽nger-term support near $389.

Lululemon shares fell 11.1% to $425.77 in after-hours trading, hitting theไir lowest level since l💃ast November.

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