Lululemon's Mixed Sales and Holiday Outlook

Lululemon's strong sales growth in North America and international markets was overshadowed by a tepid holiday outlook for the fourth quarter, leading to a decline in shares. The company's reported net income for the third fiscal quarter was $249 million, with sales rising to $2.2 billion. However, Lululemon's holiday outlook fell short of expectations, attributed to uncertainties in the macro environment. The company's finance chief mentioned planning for multiple scenarios in response to these uncertainties. Lululemon's Black Friday was its biggest day, but its comparable sales in the third quarter were higher than expected. The company incurred impairment charges related to its acquisition of Mirror and entered into a new partnership with Peloton, becoming its primary athletic apparel partner.