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Lululemon sees downbeat quarter as inflation-hit consumers turn cautious

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Lululemon sees downbeat quarter as inflation-hit consumers turn cautious

Lululemon Athletica Inc on Thursday forecast holiday-quarter revenue and profit largely below analysts' estimates, as shoppers turn cautious about spending on higher-priced clothing amid decades-high inflation, sending its shares down 6%.

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Lululemon sees downbeat quarter as inflation-hit consumers turn cautious

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Lululemon sees downbeat quarter as inflation-hit consumers turn cautious

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