Lululemon Falls After Warning Omicron to Hurt Sales, Earnings [Business News Network (BNN) (Canada)]
Alaska Air Group, Inc. (ALK)
Last alaska air group, inc. earnings: 1/28 04:01 pm
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Source: Business News Network
Sales for the fiscal fourth quarter are trending toward the bottom of its range of $2.125 billion to $2.165 billion, the maker of yoga pants said in a statement Monday. Lululemon also guided to the low end of its adjusted-profit forecast of $3.25 to $3.32 a share. “We started the holiday season in a strong position but have since experienced several consequences of the omicron variant, including increased capacity constraints, more limited staff availability and reduced operating hours in certain locations,” Chief Executive Officer Calvin McDonald said in the statement. The trimmed outlook is the latest fallout from the fast-spreading omicron variant. It has already upended airlines' operations, with Alaska Air Group Inc. last week cutting 10% of its remaining January flight schedule due to an “unprecedented” number of employees calling in sick. Lululemon shares fell 6.8% as of 7:19 a.m. in premarket trading in New York. ©2022 Bloomberg L.P.
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ALK
Earnings
- 4/18/24 - Beat
ALK
Sec Filings
- 4/18/24 - Form 8-K
- 4/5/24 - Form 4
- 4/4/24 - Form 8-K
- ALK's page on the SEC website