By Connor Hart

Lululemon Athletica expects sales growth to slow this year, hurt by cautious consumers who are limiting their spending amid an uncertain macroeconomic environment. The activewear company guided for sales to rise 5% to 7% this year, marking its slowest growth rate on record, according to FactSet. The company's profit and revenue forecasts fell short of Wall Street estimates, though recent new-product launches buoyed its fourth-quarter results ahead of expectations. Shares fall 9.9%, to $307.70, in after-hours trading.

Oxford Industries's outlook for the year was hurt by falling consumer confidence and tariffs. The owner of Tommy Bahama and Lilly Pulitzer dealt with softer demand in January compared with December, Chief Executive Tom Chubb said. The company has taken steps to limit the effects of tariffs, such as pulling forward orders, but they are still expected to negatively affect the current year. In the fourth quarter, Oxford swung to a profit, but reported lower revenue that also came below Wall Street expectations. Shares slide 9.2%, to $56.80, in postmarket trading.

Argan reported an increase in fourth-quarter profit and revenue, partially fueled by sales growth in its power industry services segment, where sales rose 65% year over year. The energy facility construction company posted earnings of $2.22 a share on revenue of $232.5 million in the recent quarter, up from earnings of 89 cents a share on revenue of $164.6 million a year earlier. Shares rise 12%, to $129, in after-hours trading.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

March 27, 2025 19:19 ET (23:19 GMT)

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