For the quarter ended Aug. 4, Lululemon reported net income of $56.5 million, or 39 cents per share, down from $57.2 million, or 39 cents per share, a year ago.
For the current quarter, the company projected a profit of 39 cents to 41 cents per share. Analysts expect earnings of 45 cents per share.
For the full year, Lululemon said it now expects earnings of $1.94 to $1.97 per share on $1.63 billion to $1.64 billion in revenue. That’s down from its June predictions of earnings between $1.96 and $2.01 per share and revenue of $1.65 billion to $1.66 billion.