Investment
Features
FeesSafety
Academy
More
Pluang+

Lululemon shares drop 15% after Q2 sales fall 9% and company cuts full-year revenue forecast.

Company Fundamentals
03 Sep 2026
CNBC
View Source
Bearish
Lululemon shares drop 15% after Q2 sales fall 9% and company cuts full-year revenue forecast.

Lululemon reported a 9% decline in comparable sales and a 4% drop in revenue for its second fiscal quarter, leading to a 15% plunge in its shares. The company also lowered its full-year revenue forecast to $10.35-$10.5 billion, down 5-7% from last year, and reduced earnings expectations. New CEO Heidi O'Neill is set to take charge next week as the retailer works to recover from ongoing sales challenges and criticism from its founder. The outlook includes a tariff refund boost, but the company faces a tough road ahead to regain customer relevance.

More News (LULU)

banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App