Lululemon Reports Earnings After Executive Shake Up, Sales Miss

Lululemon reported its quarterly earnings today. It said holiday sales were strong but still its forecast for earnings and revenue fell short of analysts expectations. The company has struggled in recent years from sales misses, increased competition and public relations missteps. The yoga theme apparel company recently upped guidance on strong holiday sales and improving trends. It says it sees customers responding well to both men's and women's product assortment. Lululemon is also nearing completion of the build out of its senior leadership team. In February, Former Chairman Chip Wilson announced he was stepping down. Shares of Lululemon are at their 50 day moving average.