Lululemon's exec: that for Q3 it expects north america to decline in the mid-teens — with the u.s. also in that range and canada lower — while both china mainland and the rest of

A Lululemon executive said the company expects Q3 North America sales to decline in the mid-teens, with the US in that range and Canada lower. China mainland and rest of world are expected to increase 3-5%. The executive noted the macro environment has been challenging in China for some time. The statement suggests ongoing weakness in Lululemon's core North American market, partially offset by international growth. If accurate, the outlook implies pressure on Lululemon's near-term revenue and margins. The stock (LULU) may react negatively given North America's weight. Investors will watch for official Q3 guidance from the company. The source is unverified.